OUTSIDE MARKETS SUMMARY:
| CORN: | 14 Higher |
| SOYBEANS: | 13 Higher |
| SOYBEAN MEAL: | $5.40 Higher |
| LIVE CATTLE: | $0.02 Lower |
| DOW JONES: | 282 Points Higher |
| NASDAQ: | 255 Points Higher |
| CRUDE OIL: | $0.65 Higher |
MIDDAY MARKET UPDATE:
Block cheese price declined 4.25 cents, closing at $1.4775 with nine loads traded. The three-day price increase has been eliminated as buyers see plenty of supply available for purchase. Buyers continue to purchase supply without having to be aggressive. This may be detrimental later in the year as buyers may not need to be as aggressive when demand seasonally increases. Barrel cheese price declined a penny, closing at $1.49 with seven loads traded. Dry whey price remained unchanged at 27.50 cents with five loads traded. Class III futures are taking a beating again with contracts from 26 cents lower to 3 cents higher. Butter price gained 1.25 cents, closing at $2.453 with one load traded. Grade A nonfat dry milk price remained unchanged at $1.17 with no loads traded. Class IV futures are 6 cents lower to 3 cents higher. Butter futures are 0.45 cent lower to 1.15 cents higher. Dry whey futures are unchanged to 0.52 cent lower.
