OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Lower |
| SOYBEANS: | 3 Higher |
| SOYBEAN MEAL: | $1.50 Higher |
| LIVE CATTLE: | $0.72 Higher |
| DOW JONES: | 1,236 Points Higher |
| NASDAQ: | 641 Points Higher |
| CRUDE OIL: | $17.92 Lower |
MIDDAY MARKET UPDATE:
The block cheese price fell 10.75 cents to close at $1.5650 with five loads traded. This is the largest one-day decline since Nov. 11, 2025. The barrel cheese price remained unchanged at $1.59 with no loads traded. Fortunately, the dry whey price increased a penny, closing at 70 cents with one load traded. Class III futures are moderately lower due to much of the weakness of blocks already factored in. Contracts are 3-29 cents lower. The butter price declined 2.00 cents, closing at $1.7275 with 17 loads traded. Grade A nonfat dry milk increased 4.00 cents to close at $2.2050 with seven loads traded. This is another new record high. Class IV futures are 2-17 cents higher. Butter futures are 2.22 cents lower to 0.40 cent higher. Dry whey futures are 0.75 cent lower to 0.15 cent higher. Cheese futures are 0.10-2.70 cents lower.
