OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Higher |
| SOYBEANS: | 26 Higher |
| SOYBEAN MEAL: | $4.50 Higher |
| LIVE CATTLE: | $0.62 Higher |
| DOW JONES: | 39 Points Lower |
| NASDAQ: | 515 Points Lower |
| CRUDE OIL: | $1.78 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 2.25 cents to close at $1.4275 with 16 loads traded. There were 6 unfilled bids remaining at the close of spot trading. The barrel cheese price increased 3.00 cents, closing at $1.44 with no loads traded. The dry whey price increased 2.00 cents, closing at 72.50 with no loads traded. Class III futures are 2 cents lower to 46 cents higher. The butter price increased 2.75 cents, closing at $1.6075 with 3 loads traded. There were 16 unfilled bids and 3 uncovered offers remaining at the close of spot trading. Grade A nonfat dry milk increased 3.75 cents to close at $1.5375 with no loads traded. This is the highest price since October 4, 2022. Class IV futures are 28-43 cents higher. Butter futures are 0.15 – 3.00 cents higher. Dry whey futures are 0.22 cent lower to 1.22 cents higher. Cheese futures are 0.50 – 3.60 cents higher. The January Federal Order class prices will be announced this afternoon.
