OUTSIDE MARKETS SUMMARY:
| CORN: | 27 Higher |
| SOYBEANS: | 47 Higher |
| SOYBEAN MEAL: | $9.10 Higher |
| LIVE CATTLE: | $0.47 Higher |
| DOW JONES: | 106 Points Lower |
| NASDAQ: | 32 Points Higher |
| CRUDE OIL: | $3.33 Higher |
MIDDAY MARKET UPDATE:
Block cheese price declined 5 cents closing at $1.77 with two loads traded. Barrel cheese price declined 1.50 cents closing at $1.88 with nine loads traded. Blocks came within 0.50 cents of the low from earlier this month. Dry whey price increased a penny to 46 cents with three loads traded. It is surprising to see the strength of Class III futures after cheese traded lower. Contracts are 2 cents lower to 51 cents higher. Front-month August is the only contract posting a loss as that will move very little prior to the end of the contract. Butter price increased 3.50 cents closing at $3.0550 with 14 loads traded. Grade A nonfat dry milk price increased 1.25 cents with two loads traded. Class IV futures are 22-77 cents higher with October showing the greatest gain. Butter futures are 0.50-1.31 cents higher. Dry whey futures are steady.
