OUTSIDE MARKETS SUMMARY:
| CORN: | 7 Higher |
| SOYBEANS: | 11 Higher |
| SOYBEAN MEAL: | $0.60 Higher |
| LIVE CATTLE: | $0.65 Higher |
| DOW JONES: | 228 Points Higher |
| NASDAQ: | 114 Points Higher |
| CRUDE OIL: | $0.19 Higher |
MIDDAY MARKET UPDATE:
Both blocks and barrels remained unchanged at $1.9450 and $1.80 respectively. There were no loads traded in either category with one unfilled bid remaining for a load of barrels and the same as Friday. Dry whey showed some strength with a gain of 0.50 cent closing at 28.50 cents with one load traded. Class III futures were higher prior to spot trading but fell into negative territory as traders were disappointed over the inability of cheese prices to show gains. Underlying cash prices may have reached a plateau and may also be building support. Class III futures are 12 cents lower to 16 cents higher. Butter price remained unchanged at $2.67 with no loads traded. Grade A nonfat dry milk price remained unchanged at $1.1050 with 4 loads traded. Class IV futures are 8 cents higher in October and the only contract traded so far. Butter futures are 1.70 cents lower to 0.47 cent higher. Dry whey futures are unchanged at 0.60 cent higher.
