OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Higher |
| SOYBEANS: | 36 Higher |
| SOYBEAN MEAL: | $13.80 Higher |
| LIVE CATTLE: | $0.57 Lower |
| DOW JONES: | 564 Points Higher |
| NASDAQ: | 203 Points Higher |
| CRUDE OIL: | $0.56 Higher |
MIDDAY MARKET UPDATE:
Block cheese price was bid aggressively higher increasing 7.50 cents closing at $2.0550 with two loads traded. Price moved to $2.06 where the first load was traded while the second load traded at the closing price with no more business to be done. The decrease in price for the second load kept a subdued tone in the market. Class III milk futures are steady to 26 cents higher in very light trade so far. Some of the exuberance that might have been seen by the gain of blocks was offset by dry whey trading 2.50 cents lower closing at 39 cents with two loads traded. Barrel cheese price increased 0.50 centss closing at $1.7250 with three loads traded. Butter price increased 0.25 cent closing at $2.3825 with no loads traded. Grade A nonfat dry milk price remained steady at $1.2975 with no loads traded. Class IV futures are 4-9 cents lower with trading only in the November and December contracts. Butter futures are 0.25 cents higher with the only activity being in the March contract. Dry whey futures are 0.25 cents lower to 0.40 cents higher. USDA will release the November Dairy Products report this afternoon.
