OUTSIDE MARKETS SUMMARY:
| CORN: | 27 Lower |
| SOYBEANS: | 267Higher |
| SOYBEAN MEAL: | $14.70 Higher |
| LIVE CATTLE: | $1.75 Higher |
| DOW JONES: | 181 Points Higher |
| NASDAQ: | 45 Points Lower |
| CRUDE OIL: | $0.67 Higher |
MIDDAY MARKET UPDATE:
Block cheese price increased 0.50 cents, closing at $1.3350 with 10 loads. Barrel cheese price decreased 0.50 cents, closing at $1.3450 with 10 loads traded. This leaves futures mixed with light trading activity. Dry whey increased 0.75 cent, closing at 24 cents with 10 loads traded. Class III futures are mixed, ranging from 9 cents lower to 9 cents higher. Butter price remained steady at $2.44 with no loads traded. Grade A nonfat dry milk price slipped $0.25, closing at $1.1175 with three loads traded. Class IV futures are 4 cents lower to 8 cents higher. Butter futures are 0.50 lower to 0.62 higher. Dry whey futures have not yet traded. USDA will release the May Agriculture Prices report Friday afternoon. It is expected to show a substantial payment under the Dairy Margin Coverage program.
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