OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Lower |
| SOYBEANS: | 1 Higher |
| SOYBEAN MEAL: | $6.50 Higher |
| LIVE CATTLE: | $0.07 Higher |
| DOW JONES: | 352 Points Higher |
| NASDAQ: | 124 Points Lower |
| CRUDE OIL: | $1.57 Higher |
MIDDAY MARKET UPDATE:
Block cheese price declined 3.75 cents, closing at $1.96 with one load traded. Barrel cheese price declined 5.50 cents, ending at $1.9250 with no loads traded. There were two offers and one unfilled bid remaining at the close. Over the past six trading sessions, barrel cheese price declined 22 cents. This is certainly not friendly for the market with buyers having no need to come to the spot market to purchase supply. Class III futures are 27 cents lower to 4 cents higher. Both December and January are trading below $19.00. Butter price declined 0.50 cents, closing at $3.1450 with one load traded. Grade A nonfat dry milk price remained unchanged at $1.42 with no loads traded. Dry whey price remained unchanged at 43 cents with no loads traded. Class IV futures are 46 cents lower to 2 cents higher. Butter futures are steady to 1.00 cent lower. Dry whey futures are steady.
