OUTSIDE MARKETS SUMMARY:
| CORN: | 10 Higher |
| SOYBEANS: | 8 Higher |
| SOYBEAN MEAL: | $9.40 Higher |
| LIVE CATTLE: | $0.30 Lower |
| DOW JONES: | 458 Points Lower |
| NASDAQ: | 156 Points Lower |
| CRUDE OIL: | $1.15 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 3.00 cents, closing at $1.62 with two loads traded. The barrel cheese price increased 3.00 cents, closing at $1.57 with no loads traded. Blocks have recovered all of the losses from last week. The dry whey price decreased 2.50 cents to close at 63.50 cents with three loads traded. Class III futures are 1.00 cent lower to 10 cents higher. The butter price fell 5.00 cents to close at $1.80 and the lowest price since Feb. 19. There were 19 loads traded. Grade A nonfat dry milk increased 2.00 cents to close at $1.82 with 14 loads traded. There have been 24 loads traded so far this week. This is the highest price since June 14, 2022. Class IV futures are steady, with the only trading activity in the June contract. Butter futures are 0.55-7.50 cents lower. Dry whey futures are steady to 0.85 cent lower. Cheese futures are 1.60 cents lower to 1.60 cents higher.
