OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Lower |
| SOYBEANS: | 11 Lower |
| SOYBEAN MEAL: | $5.20 Lower |
| LIVE CATTLE: | $0.30 Higher |
| DOW JONES: | 234 Points Higher |
| NASDAQ: | 215 Points Higher |
| CRUDE OIL: | $1.10 Higher |
MIDDAY MARKET UPDATE:
Block cheese price gained 4.75 cents closing at $1.9925 with 2 loads traded. Barrel cheese price gained 6 cents closing at $1.86 with no loads traded. There were two unfilled bids for barrels with no bids for blocks and no uncovered offers in either category. Dry whey price remained steady at 28.50 cents with one load traded. Class III futures are 5 cents lower to 24 cents higher. Lower prices were only seen in front-month August and the March contracts. August goes off the board today with the Federal Order prices to be announced tomorrow. Butter price declined 5 cents closing at $2.62 and the lowest price since August 4. There were 18 loads changing hands with one uncovered offer remaining at the close. Grade A nonfat dry milk price slipped 0.25 cent ending at $1.1025 with no loads traded with 2 unfilled bids and 2 uncovered offers remaining at the close. Class IV futures are 4 cents lower to 2 cents higher. Butter futures are 1 cent lower to 0.20 cent higher. Dry whey futures are steady to 0.50 cent higher. Today is the last trading day for August dairy futures and options with the August Federal Order prices announced Wednesday.
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