OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Higher |
| SOYBEANS: | 24 Higher |
| SOYBEAN MEAL: | $12.20 Higher |
| LIVE CATTLE: | $0.07 Higher |
| DOW JONES: | 30 Points Lower |
| NASDAQ: | 87 Points Lower |
| CRUDE OIL: | $1.07 Higher |
MIDDAY MARKET UPDATE:
Block cheese price declined 6.75 cents, closing at $2.0325 with no loads traded. An uncovered offer remained on the board with no buyer interest. Barrel cheese price declined 1.25 cents, closing at $1.95 with no loads traded. There were uncovered offers for two loads at the close with no buyers showing up to the market. Dry whey price remained steady at 44.50 cents with no loads traded. Class III futures are 42 cents lower to 6 cents higher with the only gain being in September. The greatest pressure is in the May contract. Butter price increased 2.50 cents, closing at $2.37 with seven loads traded. Price initially increased to $2.3825 before selling eroded the gain. Grade A nonfat dry milk price remained unchanged at $1.15 with no loads traded. Class IV futures are 5 cents lower. Butter futures are 0.42 cent lower to 1.75 cents higher. Dry whey futures are steady to 1.0 cents lower.
