OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Higher |
| SOYBEANS: | 14 Lower |
| SOYBEAN MEAL: | $1.20 Lower |
| LIVE CATTLE: | $1.40 Lower |
| DOW JONES: | 21 Points Higher |
| NASDAQ: | 2 Points Higher |
| CRUDE OIL: | $3.71 Lower |
MIDDAY MARKET UPDATE:
Block cheese price remained steady at $2.2325 with no loads traded and no one showing up to do any business. Barrel cheese price declined 5.25 cents, closing at $1.98 with one load traded. Price has fallen below $2.00 for the first time in six consecutive trading sessions. Dry whey price remained unchanged at 44 cents with no loads traded. With the block/barrel spread at 25.25 cents, it has increased the caution of traders over continued strength of blocks. Butter price declined 1.25 cents, closing at $2.94 with two loads traded. This is the first price decline in 10 consecutive trading sessions and a price increase of 34.25 cents. Buyers may have reached a threshold and are not willing to bid price higher anymore. Class III futures are 22 cents lower to 6 cents higher. Class IV futures have not yet traded. Butter futures are steady to 1.17 cents lower. Dry whey futures are 0.02 to1.75 cent lower.
