OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Lower |
| SOYBEANS: | 18 Lower |
| SOYBEAN MEAL: | $4.60 Lower |
| LIVE CATTLE: | $0.35 Higher |
| DOW JONES: | 71 Points Lower |
| NASDAQ: | 48 Points Higher |
| CRUDE OIL: | $0.17 Higher |
MIDDAY MARKET UPDATE:
Block cheese price declined 4 cents, closing at $2.30 with one load traded. Barrel cheese price declined 3 cents, closing at $2.30 with one load traded. There were no unfilled bids remaining at the close with buyers going home satisfied. Dry whey price increased 0.50 cents, closing at 50 cents with three loads traded. Even with lower cheese prices, Class III futures are steady to 20 cents higher. Butter price increased a penny, closing at $2.8950 with 10 loads traded. There was an ebb and flow throughout the trading period as activity took the price both higher and lower. Price did trade up to $2.90 but could not hold that level. Grade A nonfat dry milk price gained 2.25 cents, closing at $1.8425 with eight loads traded. Class IV futures are 10 to 28 cents higher. Butter futures are 0.15 to 2.25 higher. Dry whey futures are unchanged to 0.50 cent higher.
