OUTSIDE MARKETS SUMMARY:
| CORN: | 4 Lower |
| SOYBEANS: | 8 Lower |
| SOYBEAN MEAL: | $7.60 Lower |
| LIVE CATTLE: | $0.10 Higher |
| DOW JONES: | 79 Points Lower |
| NASDAQ: | 113 Points Higher |
| CRUDE OIL: | $0.95 Lower |
MIDDAY MARKET UPDATE:
Block cheese price declined 2.00 cents closing at $1.6425 with 9 loads traded. There was only one unfilled bid remaining at the close. Sellers were able to move all the product they brought to the spot market today. Barrel cheese price gained 1.50 cents closing at $1.49 with 15 loads traded. There were 12 unfilled bids remaining at the close with no offers. This is quite the contrast to Tuesday when there were 16 uncovered offers remaining at the close. Of course, those offers were bought up Wednesday with more buyers looking to purchase supply at current low prices. Dry whey price increased 1.35 cents closing at 34.50 cents with 13 loads traded. Class III futures are mixed from 12 cents lower to 2 cents higher. Butter price remained steady at $2.40 with no loads traded and no buyers or sellers showing up to do any business. Grade A nonfat dry milk was steady at $1.1650 with no loads traded. Class IV futures show no trading activity so far. This seems to be a broken record as that seems to have become the norm over the past few weeks. Butter futures are 0.40-0.45 cent higher. Dry whey futures are 0.75 cent lower to 1.50 cents higher.
