OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Higher |
| SOYBEANS: | 5 Higher |
| SOYBEAN MEAL: | $14.50 Lower |
| LIVE CATTLE: | $0.12 Higher |
| DOW JONES: | 24 Points Higher |
| NASDAQ: | 86 Points Lower |
| CRUDE OIL: | $0.34 Higher |
MIDDAY MARKET UPDATE:
Block cheese price increased 2 cents, closing at $1.7850 with two loads traded. Barrel cheese price increased 4.50 cents, closing at $1.7925 with three loads traded. Although it was positive to see prices increase, it provided little consolation after a week of significant losses in milk futures. Dry whey price increased 1.50 cents, closing at 43.50 cents with no loads traded. Butter price declined 4 cents, closing at $3.01 making one wonder if butter has finally priced itself out of the market. There were no loads traded. The big move took place in Grade A nonfat dry milk with price declining 7 cents, closing at $1.5025 with 13 loads traded. Class III milk futures are steady to 25 cents lower. Butter futures are 0.50 to 4.50 lower.
