OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Higher |
| SOYBEANS: | 5 Higher |
| SOYBEAN MEAL: | $0.30 Lower |
| LIVE CATTLE: | $1.92 Higher |
| DOW JONES: | 3 Points Higher |
| NASDAQ: | 73 Points Higher |
| CRUDE OIL: | $0.43 Higher |
MIDDAY MARKET UPDATE:
Block cheese price increased a penny, closing at $1.78 with two loads traded and an offer for one load remaining at the close. The price initially increased to $1.7875 but couldn't hold the gain. Barrel cheese price increased 3.50 cents, closing at $1.60 with eight loads traded with one uncovered offer and seven unfilled bids at the close. Price initially gained 5.50 cents before selling pressure caused it to slip from the highs. Dry whey price gained 1.50 cents, closing at 30.25 with 12 loads traded. Class III futures are 9 cents lower to 19 cents higher. The only loss is in the July contract. Butter price jumped 6.50 cents, closing at $3 with four loads traded and three unfilled bids remaining at the close. Grade A nonfat dry milk price increased a penny, closing at $1.17 with three loads traded. Class IV futures are 7 cents lower to 25 cents higher. Butter futures are unchanged at 7.50 cents higher. Dry whey is unchanged at 0.60 cent higher.
