OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Higher |
| SOYBEANS: | 1 Lower |
| SOYBEAN MEAL: | $4.40 Lower |
| LIVE CATTLE: | $0.45 Lower |
| DOW JONES: | 439 Points Higher |
| NASDAQ: | 142 Points Higher |
| CRUDE OIL: | $3.28 Higher |
MIDDAY MARKET UPDATE:
Block cheese price declined 1.75 cents, closing at $1.99 with one load traded. The fact that a load was traded likely provided some support to the market. Barrel price increased 3 cents, closing at $2.20 with four loads traded. This gain offset the weakness of blocks, keeping Class III futures in the positive. Dry whey price remained unchanged at 44.50 cents with no loads traded. Class III futures are 1 to 50 cents higher with October showing the greatest gain. Butter price gained a penny, closing at $3.1650 with four loads traded. Grade A nonfat dry milk price remained unchanged at $1.5625 with no loads traded. Class IV futures are 13 cents lower to 6 cents higher. Butter futures are 1.50 cents lower to 2.42 cents higher. Dry whey futures are steady to 0.27 cent lower.
