Tuesday Midday Dairy Market Summary - Further Losses Keep Markets Pressured

OUTSIDE MARKETS SUMMARY:

CORN:	6 Lower
SOYBEANS:	10 Higher
SOYBEAN MEAL:	$11.10 Higher
LIVE CATTLE:	$0.50 Higher
DOW JONES:	147 Points Higher
NASDAQ:	64 Points Higher
CRUDE OIL:	$1.68 Lower

MIDDAY MARKET UPDATE:

Block cheese declined 2.25 cents, closing at $1.7425 with no loads traded. Barrel cheese price remained steady at $1.7350 with no loads traded. Dry whey declined 1.25 cents, closing at 36.75 with one load traded. The weakness put further pressure on Class III futures with contracts from 29 cents lower to 2 cents higher.

Front-month October shows a gain of 2 cents trading in a narrow range as it moves to the final week of trading. Butter price declined a penny, closing at $3.3650 with three loads traded. Price may be establishing a range that may remain for a time. Grade A nonfat dry milk price declined 2 cents, closing at $1.22 with five loads traded. Class IV futures show mixed trading with trading activity confined to May and August contracts. Butter futures are 1.22 cents lower to 2.50 cents higher. Dry whey futures are 1.50 cents lower to 0.25 cent higher.