OUTSIDE MARKETS SUMMARY:
| CORN: | 17 Higher |
| SOYBEANS: | 23 Higher |
| SOYBEAN MEAL: | $3.10 Lower |
| LIVE CATTLE: | $1.67 Higher |
| DOW JONES: | 676 Points Higher |
| NASDAQ: | 140 Points Higher |
| CRUDE OIL: | $1.56 Higher |
MIDDAY MARKET UPDATE:
Block cheese fell back nearly eliminating the gain of Thursday. Price fell 7.25 cents, ending at $1.43 with one load traded. There were two unfilled bids and two uncovered offers remaining at the close. Barrel cheese price increased 0.25 cent, closing at $1.5125 with 16 loads traded. There was one unfilled bid remaining at the close. Barrel price did gain as much as a penny at one point but slipped back as sellers became a bit more aggressive. Dry whey price remained unchanged at 25.75 with 17 loads traded. Price initially declined 0.25 cent before it recovered the loss. Class III futures fell with contracts 9 to 41 cents lower. Even though block price did not completely eliminate yesterday's gain, futures are falling further than the increase yesterday. Butter price declined 2 cents, ending at $2.4450 with five loads traded. This brings price back into the range. Grade A nonfat dry milk price remained steady at $1.17 with no loads traded. Class IV futures are 9 to 13 cents lower. Butter futures are unchanged to 1.45 cents lower. Dry whey futures are 0.02 to 1.40 cents lower.
