OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Higher |
| SOYBEANS: | 2 Lower |
| SOYBEAN MEAL: | $3.90 Higher |
| LIVE CATTLE: | $0.95 Higher |
| DOW JONES: | 186 Points Higher |
| NASDAQ: | 119 Points Higher |
| CRUDE OIL: | $0.65 Higher |
MIDDAY MARKET UPDATE:
Block cheese price increased a penny closing at $1.8725 with no loads traded. Barrel cheese price remained unchanged at $1.5750. The spot price action did not trigger buying interest from traders with most Class III contracts lower. Even the increase of dry whey price of a penny did not provide support. Price closed at 43.50 cents with no loads traded. Butter price increased 2.25 cents closing at $2.4350 with four loads traded. Grade A nonfat dry milk price remained unchanged at $1.2650 with no loads traded. The provided support for Class IV futures with contracts 16-26 cents higher. Butter futures are 0.62-4.47 cents higher. Dry whey futures are 0.50 cent lower to 0.32 cent higher. Overall trading activity of futures is light.
