OUTSIDE MARKETS SUMMARY:
| CORN: | 13 Higher |
| SOYBEANS: | 22 Higher |
| SOYBEAN MEAL: | $13.90 Higher |
| LIVE CATTLE: | $1.02 Higher |
| DOW JONES: | 474 Points Higher |
| NASDAQ: | 312 Points Higher |
| CRUDE OIL: | $0.88 Higher |
MIDDAY MARKET UPDATE:
Both blocks and barrels remained unchanged at $1.82 and $1.88, respectively. There were no loads traded in either category with an unfilled bid for a load of barrels remaining at the close of spot trading. Dry whey price slipped 0.50 cent, closing at 44 cents with no loads traded. The weakness of dry whey might have had some impact on the market with Class III futures ranging from 9 cents lower to 35 cents higher. August is the only contract showing a loss as much of it is priced. Futures were not able to hold the highs reached at one point but continue to hold in positive territory. Butter price increased 0.75 cent, closing at $2.9675 with 12 loads traded. Price did move to $2.9850 during trading but aggressive selling took it back to the closing price. Grade A nonfat dry milk finally showed a rebound with a gain of 3.50 cents, closing at $1.4950 with two loads traded. Class IV futures are 5 cents lower to 50 cents higher. The only loss is seen in the March contract with September showing the greatest gain. Butter futures are 0.25 cent lower to 3.50 cents higher. Dry whey futures are 0.25 to 2.17 cents lower.
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