OUTSIDE MARKETS SUMMARY:
| CORN: | 6 Lower |
| SOYBEANS: | 5 Lower |
| SOYBEAN MEAL: | $2.00 Higher |
| LIVE CATTLE: | $0.45 Lower |
| DOW JONES: | 24 Points Lower |
| NASDAQ: | 74 Points Higher |
| CRUDE OIL: | $1.33 Higher |
MIDDAY MARKET UPDATE:
Block cheese price increased 0.25 cent closing at $1.8650 with no loads traded. There were three unfilled bids and one uncovered offer remaining at the close. Barrel cheese price decreased 2 cents closing at $1.76 with no loads traded. There were two unfilled bids and one uncovered offer remaining. Dry whey price declined a penny closing at 25.25 cents with 14 loads traded. Class III futures moved from double-digit losses in nearby months to mixed prices after spot trading ranging from 17 cents lower to 10 cents higher. Traders may have tempered some of their bearishness that was evident over the past two days. Butter prices increased 2 cents closing at $2.6925 with five loads traded. Grade A nonfat dry milk price declined 0.25 cent closing at $1.1475 with one load traded. Class IV futures are 1-13 cents higher. Butter futures are steady to 3.60 cents higher. Dry whey futures are 1.25-1.87 cents lower.
