OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Lower |
| SOYBEANS: | 14 Lower |
| SOYBEAN MEAL: | $5.40 Lower |
| LIVE CATTLE: | $1.05 Lower |
| DOW JONES: | 31 Points Lower |
| NASDAQ: | 8 Points Lower |
| CRUDE OIL: | $0.32 Higher |
MIDDAY MARKET UPDATE:
Block cheese price increased 0.50 cent, closing at $1.75 with seven loads traded. Barrel cheese price gained 0.75 cent, closing at $1.5525 with 23 loads traded. Dry whey price increased 0.75, closing at 36.25 with seven loads traded. There have been quite a few loads of barrels and dry whey traded this week as buyers picked up what was being offered. The past two weeks have seen quite a bit of activity. The strength Friday had virtually no impact on milk futures with contracts from 15 cents lower to 5 cents higher on somewhat light trading activity. Butter price increased 0.50 cent, closing at $2.40 with six loads traded. Grade A nonfat dry milk price increased 0.50 cent, closing at $1.1650 with three loads traded. Class IV futures have not yet traded. Butter futures are 1.00 cent lower to 1.25 cents higher. Dry whey futures are unchanged. Traders remain cautious over upside price potential limited gains of futures even though underlying cash prices have had limited gains this week.
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