OUTSIDE MARKETS SUMMARY:
| CORN: | 10 Higher |
| SOYBEANS: | 31 Higher |
| SOYBEAN MEAL: | $15.60Higher |
| LIVE CATTLE: | $0.30 Higher |
| DOW JONES: | 98 Points Higher |
| NASDAQ: | 33 Points Lower |
| CRUDE OIL: | $1.45 Higher |
MIDDAY MARKET UPDATE:
Block cheese price increased 4.50 cents, closing at $1.9550 with four loads traded. Barrel cheese price increased 1.75 cents, closing at $1.9375 with one load traded. This is the first price increase of blocks since July 8. Now, the strength certainly does not solidify that a bottom is in the market. There will need to be more confirmation of the that to indicate prices may have found support. However, Class III futures are 2 to 61 cents higher. Dry whey price declined 0.75 cent, ending at 44.75 with no loads traded. Butter price gained 2.25 cents, closing at $2.93 with two loads traded. Grade A nonfat dry milk price declined 1.50 cents, ending at $1.67 with no loads traded. Class IV futures are steady to 3 cents higher. Butter futures are 2.00 cents lower to 2.17 cents higher. Dry futures are 0.25 to 0.75 cent higher.
