OUTSIDE MARKETS SUMMARY:
| CORN: | Unchanged |
| SOYBEANS: | 6 Lower |
| SOYBEAN MEAL: | $2.30 Lower |
| LIVE CATTLE: | $3.52 Lower |
| DOW JONES: | 159 Points Lower |
| NASDAQ: | 439 Points Lower |
| CRUDE OIL: | $0.08 Lower |
MIDDAY MARKET UPDATE:
The block cheese price fell 7.25 cents, closing at $1.53 as sellers stepped up to the plate aggressively in an attempt to take advantage of the higher price. There were no unfilled bids and five uncovered offers remaining at the close of spot trading. The barrel cheese price remained unchanged at $1.56 with no loads traded. The dry whey price remained unchanged at 63.75 with no loads traded. Class IV futures are 8-63 cents lower, with April posting the greatest loss. The butter price increased 2.50 cents, closing at $1.86 with 10 loads traded. There were 15 unfilled bids and four uncovered offers remaining at the close of spot trading. Grade A nonfat dry milk increased 3.75 cents to close at $1.71 with three loads traded. This is the highest price since July 13, 2022. Class IV futures are 15 cents lower to 10 cents higher. Butter futures are steady to 3.00 cents lower. Dry whey futures are steady to 2.00 cents higher. Cheese futures are 0.80-7.50 cents lower.
