OUTSIDE MARKETS SUMMARY:
| CORN: | 9 Higher |
| SOYBEANS: | 21 Higher |
| SOYBEAN MEAL: | $6.70 Higher |
| LIVE CATTLE: | $0.15 Higher |
| DOW JONES: | 653 Points Higher |
| NASDAQ: | 262 Points Higher |
| CRUDE OIL: | $2.60 Higher |
MIDDAY MARKET UPDATE:
Block cheese price declined a penny, closing at $2.09 with two loads traded. Barrel cheese price declined 2.25 cents, closing at $2.1475 with one load traded. This is keeping substantial pressure on Class III futures that were already lower due to the bearish Cold Storage report. Futures are 3 to 73 cents lower with the exception of June which is 4 cents higher as the contract will finish trading Tuesday with Federal Order prices for June announced Wednesday. Butter price declined 4 cents, closing at $2.9150 with two loads traded. Grade A nonfat dry milk price slipped 0.50 cent, closing at $1.79 with two loads traded. The only bright spot of the cash complex was dry whey with an increase of 0.50 cents, closing at 47.50 cents with four loads traded. Class IV futures are 9 to 51 cents lower. Butter futures are 1.02 to 4.25 cents lower. Dry whey futures are 0.10 cent higher to 1.97 cent lower.
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