OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Higher |
| SOYBEANS: | 9 Lower |
| SOYBEAN MEAL: | $4.20 Lower |
| LIVE CATTLE: | $0.92 Higher |
| DOW JONES: | 64 Points Lower |
| NASDAQ: | 6 Points Higher |
| CRUDE OIL: | $0.74 Higher |
MIDDAY MARKET UPDATE:
Both blocks and barrels remained unchanged at $1.9925 and $1.86 respectively with no loads traded. This is the second consecutive day of no change in prices and no trades. No buyers or sellers showed up to do business with no bids or offers remaining at the close. Dry whey price increased 2 cents closing at 30.50 cents with one load traded. The increase in dry whey provided the necessary support to keep Class III futures higher in all contracts except September, which is 3 cents lower. All other contracts are 3 cents to 14 cents higher. Butter price gained 2.50 cents closing at $2.6450 with 14 loads traded. Grade A nonfat dry milk declined 2 cents closing at $1.0725 with 4 loads traded. Class IV futures have not traded but will be lower for the day. Butter futures are 0.62 cent lower to 3.15 cents higher. Dry whey futures are steady at $1.85 cents higher. USDA will release the July Agricultural Prices report this afternoon.
