OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Higher |
| SOYBEANS: | 9 Higher |
| SOYBEAN MEAL: | $2.50 Higher |
| LIVE CATTLE: | $0.02 Higher |
| DOW JONES: | 5 Points Higher |
| NASDAQ: | 58 Points Higher |
| CRUDE OIL: | $3.42 Lower |
MIDDAY MARKET UPDATE:
Block cheese price declined 5 cents, closing at $2.15 with no loads traded. No buyers showed up to do any business, even with the weakness. Barrel cheese price increased 1.25 cents, closing at $1.8175 with no loads traded. No sellers showed up to do any business. Dry whey price remained unchanged at 44 cents. This has put substantial pressure on Class III futures. Contracts are 1 to 65 cents lower with December taking the brunt of it. Butter price increased 1.75 cents, closing at $2.9475 with six loads traded. Over the past three days, the market has erased the decline of Friday and then some. There was an offer for a load remaining at the close of spot trading. Grade A nonfat dry milk price decreased 2 cents, closing at $1.3975 with four loads traded. Class IV futures are 10 to 37 cents lower. Butter futures are 0.70 to 5.17 cents lower. Dry whey futures are steady to 0.25 cent higher.
