OUTSIDE MARKETS SUMMARY:
| CORN: | 4 Higher |
| SOYBEANS: | 15 Higher |
| SOYBEAN MEAL: | $1.450 Higher |
| LIVE CATTLE: | $1.60 Higher |
| DOW JONES: | 246 Points Higher |
| NASDAQ: | 36 Points Lower |
| CRUDE OIL: | $3.13 |
MIDDAY MARKET UPDATE:
Both block and barrel cheese prices remained unchanged with no loads traded. Prices remained at $2.10 and $1.9625 respectively. Two uncovered offers for loads of barrel remained at the close. Dry whey price remained unchanged at 44.50 cents with no loads traded. Butter price was steady at $2.3450 with no loads traded. Grade A nonfat dry milk was unchanged at $1.15 with no loads traded. It is rare to see spot prices unchanged in all categories and rarer to see prices unchanged and no trading activity. Class III traders did not like the steady prices as they became more aggressive sellers. Class III futures are 19 cents lower to 2 cents higher with April posting the greatest loss. Class IV futures have only traded in the May contract, which is 10 cents higher. Butter futures are 0.75 cent lower to 1.25 cents higher. Dry whey futures are 0.50 cent lower to 0.15 cent higher.
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