OUTSIDE MARKETS SUMMARY:
| CORN: | Unchanged |
| SOYBEANS: | 14 Lower |
| SOYBEAN MEAL: | $3.10 Lower |
| LIVE CATTLE: | $0.02 Lower |
| DOW JONES: | 74 Points Higher |
| NASDAQ: | 129 Points Higher |
| CRUDE OIL: | $1.69 Lower |
MIDDAY MARKET UPDATE:
Block cheese price remained unchanged at $1.96 with no load traded. Barrel cheese price declined 3.75 cents closing at $1.5525 with seven loads traded. It took a while before there were any bids or offers posted after the market opened for spot trading. Buyers and sellers were waiting to see who was going to tip their hand first. Sellers were the first to post offers. Dry whey price increased 1.50 cents closing at 32.75 cents with no loads traded. Class III futures turned from higher to lower with contracts ranging from 22 cents lower to 7 cents higher. Butter price increased 0.50 cents closing at $2.2725 with one load traded. Grade A nonfat dry milk price declined a penny closing at $1.1525 with nine loads traded. Class IV futures have not yet traded with wide bid and offers with traders unwilling to buy into the market due to the weakness of nonfat dry milk. Butter futures are 0.05 cents lower to 0.75 cents higher. Dry whey futures are 0.72 cents lower to 0.02 cents higher.
