OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Lower |
| SOYBEANS: | 14 Higher |
| SOYBEAN MEAL: | $4.50 Higher |
| LIVE CATTLE: | $0.37 Lower |
| DOW JONES: | 8 Points Lower |
| NASDAQ: | 101 Points Higher |
| CRUDE OIL: | $0.83 Lower |
MIDDAY MARKET UPDATE:
Both block and barrel cheese prices remained unchanged at $1.99 and $1.8250 with no loads traded. The only activity was an offer for a load of blocks at $2.03 Dry whey price slipped 0.25 closing at 26.75 with 3 loads traded. Class III futures were lower prior to spot trading and remained lower after spot trading. Futures are 6-17 cents lower. Butter price remained unchanged at $2.69 with no loads traded. There were no unfilled bids or uncovered offers placed during trading. Grade A nonfat dry milk price remained unchanged at $1.11 with no loads traded. Class IV futures have only seen trade in the August contract and that is at the unchanged price. Butter futures are 0.60 cent lower to 0.45 cent higher. Dry whey futures are 0.30-1.10 cents lower.
