OUTSIDE MARKETS SUMMARY:
| CORN: | 9 Higher |
| SOYBEANS: | 20 Higher |
| SOYBEAN MEAL: | $3.40 Higher |
| LIVE CATTLE: | $0.32 Higher |
| DOW JONES: | 145 Points Higher |
| NASDAQ: | 77 Points Lower |
| CRUDE OIL: | $1.58 Higher |
MIDDAY MARKET UPDATE:
Block cheese price declined a penny closing at $1.8625 with one load traded. Barrel cheese price increased 0.50 cent closing at $1.5750 with four loads traded. This moved Class III futures from higher across the board to mixed. The decrease of blocks offset the increase of barrels. Dry whey price remained steady at 42.50 cents with no loads traded. Class III futures are 2 cents lower to 15 cents higher. Butter price increased 0.50 cent closing at $2.4125 with no loads traded. Grade A nonfat dry milk price gained 2.25 cents ending at $1.2650 with two loads traded. This is supporting Class IV futures with contracts 10-34 cents higher. Butter futures are steady to 2.25 cents higher. Dry whey futures are 0.20-0.57 cents higher. Traders remain uncertain of long-term direction but seem a bit more friendly to the market.
