OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Higher |
| SOYBEANS: | 6 Higher |
| SOYBEAN MEAL: | $1.70 Higher |
| LIVE CATTLE: | $1.05 Lower |
| DOW JONES: | 126 Points Lower |
| NASDAQ: | 170 Points Lower |
| CRUDE OIL: | $2.09 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 6.25 cents to close at $1.51 with 11 loads traded and one unfilled bid remaining. The barrel cheese price increased 3.50 cents to close at $1.52 with no loads traded. No sellers showed up to the spot market. The dry whey price slipped 0.25 cent to close at 67.25 with no loads traded. Class III futures are steady to 36 cents higher, with the August contract showing the greatest gain. The butter price remained unchanged at $1.6500 with no loads traded. There was an unfilled bid and 25 uncovered offers remaining at the close of spot trading. Grade A nonfat dry milk decreased 2.50 cents to close at $1.4750 with 3 loads traded. This is the lowest price since February 2. Class IV futures are 40 cents lower to 6 cents higher. Butter futures are 0.55 cent lower to 0.75 cent higher. Dry whey futures are 0.25 -- 3.00 cents lower. Cheese futures are 0.40 cent lower to 3.90 cents higher. The only decline is in the May 2027 contract. Nonfat dry milk futures are 0.57 -- 4.00 cents lower.
