OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Higher |
| SOYBEANS: | 2 Lower |
| SOYBEAN MEAL: | $4.80 Higher |
| LIVE CATTLE: | $0.37 Lower |
| DOW JONES: | 30 Points Lower |
| NASDAQ: | 37 Points Higher |
| CRUDE OIL: | $0.29 Lower |
MIDDAY MARKET UPDATE:
Block cheese price remained unchanged at $1.78 with no loads traded and an unfilled bid remaining 8 cents below the market. Barrel cheese price declined 1.75 cents, closing at $1.5825 with no loads traded. There were two unfilled bids and three uncovered offers remaining at the close.
Dry whey price rose 2.25 cents, closing at 32.50 cents with no loads traded. There were two unfilled bids and five uncovered offers remaining at the close. The early gains of Class III futures were trimmed with current contracts 12 cents lower to 5 cents higher. Butter price showed gain with price up 4 cents, closing at $3.04 with no loads traded and two unfilled bids remaining at the close. Grade A nonfat dry milk price declined 1.50 cents, ending at $1.1550 with five loads traded.
Class IV futures have only traded in the December contract, posting a loss of 14 cents. Butter futures are 2 cents lower to 5.25 cents higher. Dry whey futures are 0.15 cent to 0.40 cent higher. USDA will release the August Cold Storage this afternoon.
