OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Higher |
| SOYBEANS: | 19 Higher |
| SOYBEAN MEAL: | $12.00 Higher |
| LIVE CATTLE: | $0.37 Higher |
| DOW JONES: | 6 Points Lower |
| NASDAQ: | 53 Points Lower |
| CRUDE OIL: | $2.07 Lower |
MIDDAY MARKET UPDATE:
Block cheese price slipped 0.25, closing with no loads traded. Barrel cheese price remained unchanged at $1.92 with no loads traded. Dry whey price declined 1.50 cents, closing at 44.25 with no loads traded. Class III futures are showing significant losses with contracts 3 to 46 cents lower. Butter price declined 1.25 cents, closing at $2.8875 with no loads traded. Grade A nonfat dry milk price increased a penny, closing at $1.3825 with no loads traded. It is rare to see no trading activity across all categories. Class IV futures are 2 to 6 cents higher. Butter futures are 2.79 cents lower to 2.48 cents higher. Dry whey futures are 0.50 to 2.00 cents lower. October dairy exports were 9.0% above a year ago, continuing the pattern of strong growth.
