OUTSIDE MARKETS SUMMARY:
| CORN: | 4 Lower |
| SOYBEANS: | 16.25 Higher |
| SOYBEAN MEAL: | $0.80 Higher |
| LIVE CATTLE: | $0.95 Lower |
| DOW JONES: | 175 Points Higher |
| NASDAQ: | 26 Points Lower |
| CRUDE OIL: | $0.21 Higher |
MIDDAY MARKET UPDATE:
Cheese blocks moved a penny higher to close at $1.9100 with four loads traded. Barrels continued their decline, moving 2.25 cents lower to $1.5300 with three loads traded. Class III futures were 7 to 12 cents lower. Butter price fell 3.50 cents, closing at $2.4350 with two loads traded. Grade A nonfat dry milk was up 0.25 cent to $1.1800 with three loads traded. Dry whey declined 1.25 cents, closing at $0.4350 with one load traded. Dry whey futures were up 0.25 cent to 0.50 cent lower. Class IV milk futures haven't seen any trading yet. Butter futures traded 3.50 to 4 cents lower. The USDA will release the Dairy Products report tomorrow.
