OUTSIDE MARKETS SUMMARY:
| CORN: | 14 Lower |
| SOYBEANS: | 70 Lower |
| SOYBEAN MEAL: | $10.70 Lower |
| LIVE CATTLE: | $2.40 Higher |
| DOW JONES: | 379 Points Higher |
| NASDAQ: | 284 Points Higher |
| CRUDE OIL: | $4.43 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 3.00 cents to close at $1.5600 with one load traded. The barrel cheese price remained unchanged at $1.53 with no loads traded. The dry whey price remained unchanged at 66.00 cents with no loads traded. Class III futures are one cent lower to 19 cents higher. The lower price is only in the March contract, as the trade basically has the market priced. The contract will move very little, mainly adjusting to the weekly AMS prices. The butter price increased 0.25 cent to close at $1.85 with no loads traded. The Grade A nonfat dry milk price increased 3.00 cents to close at $1.7950 with nine loads traded. This has been the highest level since July 1, 2022. Class IV futures are 12-32 cents higher. Butter futures are 0.35-6.77 cents higher. Dry whey futures are 0.25 cent lower to 0.50 cent higher. Cheese futures are steady to 1.60 cents higher.
