OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Higher |
| SOYBEANS: | 7 Higher |
| SOYBEAN MEAL: | $5.90 Higher |
| LIVE CATTLE: | $0.25 Higher |
| DOW JONES: | 83 Points Higher |
| NASDAQ: | 44 Points Higher |
| CRUDE OIL: | $1.05 Lower |
MIDDAY MARKET UPDATE:
Block cheese price remained under pressure Tuesday with the price declining 3 cents, closing at $1.6850 with three loads traded. There was an unfilled bid remaining at the close price with an uncovered offer a penny higher. Barrel prices increased 0.50 cent, closing at $1.6550 with four loads traded. There was an unfilled bid at the closing price with an uncovered offer a penny higher. Dry whey price declined 0.75 cent, closing at 36.50 cents with 12 loads traded. So far there has been strong trading activity for dry whey this week.
Class III futures were 12 cents lower to 3 cents higher. Butter price declined by 2 cents, closing at $3.28 with no loads traded. An offer for a load was the only interest shown during spot trading. Grade A nonfat dry milk price declined a penny, closing at $1.1875 with one load traded. Class IV futures have only traded in the January contract, which is 8 cents lower on the day. Butter futures are 0.87 cent to 7.50 cents higher. Dry whey futures are 0.32 cent to 1.65 cents lower.
