OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Lower |
| SOYBEANS: | 4 Lower |
| SOYBEAN MEAL: | $7.50 Higher |
| LIVE CATTLE: | $0.17 Lower |
| DOW JONES: | 9 Points Lower |
| NASDAQ: | 44 Points Lower |
| CRUDE OIL: | $3.63 Higher |
MIDDAY MARKET UPDATE:
Both blocks and barrels remained unchanged at $1.7025 and $1.5775, respectively, with no loads traded. There was an unfilled bid in each category, but no offers. Dry whey price increased 0.50 cent, closing at 30.25 cents with seven loads traded. This did little to move Class III futures with contracts ranging from 6 cents lower to 6 cents higher.
Butter price slipped 0.25 cent to $3.50 with no loads traded. An uncovered offer set the closing price. Grade A nonfat dry milk price increased 0.50 cent, closing at $1.1850 with two loads traded. Class IV futures have not yet traded. The markets are taking a breather today with buyers assessing what their needs are for the week and the holidays. It was a bit of a disappointment as traders anticipated further price movement.
