OUTSIDE MARKETS SUMMARY:
| CORN: | 9 Lower |
| SOYBEANS: | 25 Lower |
| SOYBEAN MEAL: | $6.20 Lower |
| LIVE CATTLE: | $0.62 Higher |
| DOW JONES: | 212 Points Higher |
| NASDAQ: | 201 Points Higher |
| CRUDE OIL: | $1.14 Higher |
Midday Market Update:
Block cheese price declined 5.25 cents, closing at $1.31 with 13 loads traded. There were three unfilled bids remaining at the close. Barrel cheese price declined 6 cents, closing at $1.39 with 10 loads traded and three unfilled bids remaining the close. Lower bids continue to be placed requiring sellers to lower offers to accomplish business. Dry whey price declined 0.75 cent, closing at 25.50 cents with 17 loads traded. Class III futures are again being hit hard with prices ranging from 1 to 50 cents lower. Trading volume is much lighter than it was Monday with only about one third of the trading volume. Butter price increased 4 cents, closing at $2.40 with one load traded. Grade A nonfat dry milk declined 0.75 cent, closing at $1.1175 with four loads traded. Class IV futures are 12 to 21 cents lower. Butter futures are 1.60 cents lower to 0.72 cent higher. Dry whey futures are 1.50 cents lower to 0.05 cent higher.
