OUTSIDE MARKETS SUMMARY:
| CORN: | 13 Higher |
| SOYBEANS: | 6 Higher |
| SOYBEAN MEAL: | $4.20 Higher |
| LIVE CATTLE: | $0.30 Lower |
| DOW JONES: | 355 Points Higher |
| NASDAQ: | 306 Points Higher |
| CRUDE OIL: | $0.61 Higher |
MIDDAY MARKET UPDATE:
Block cheese price remained unchanged with an unfilled bid at the closing price. Barrels increased a penny to $2,2550 with an unfilled bid setting the closing price. Dry whey increased 0.50 cent, closing at 52.25 cents with one load traded. Butter price declined 1.25 cents, closing at $2.8775 with four loads traded. Price initially fell 4 cents before buyers stepped back in more aggressively. This moved price back to unchanged just before the end of spot trading with a quick retracement lower right in the last few seconds. Grade A nonfat dry milk price increased 0.50 cent, closing at $1.86 with seven loads traded. Class III futures are one cent lower to 27 cents higher. The loss was in front-month May as it trades within a tight range. The last trading day for the May contract will be on Tuesday. Class IV futures are 9 cents lower to 16 cents higher. Butter futures are 0.02 to 0.37 cent higher. Dry whey futures are 0.35 to 0.67 cent higher.
