OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Lower |
| SOYBEANS: | 29 Higher |
| SOYBEAN MEAL: | $5.40 Higher |
| LIVE CATTLE: | $0.70 Higher |
| DOW JONES: | 133 Points Higher |
| NASDAQ: | 11 Points Higher |
| CRUDE OIL: | $0.36 Higher |
MIDDAY MARKET UPDATE:
Block cheese price increased 2 cents, closing at $1.60 with one load traded. Barrel cheese price declined 0.50 cent, closing at $1.55 with three loads traded. Dry whey price slipped 0.50 cent, closing at 39 cents with two loads traded. This provided slight support to Class III futures with contracts ranging from 9 cents lower to 9 cents higher. Only the February contract shows a loss.
Butter dropped 9.50 cents, closing at $2.5750 with no loads traded. Grade A nonfat dry milk remained unchanged at $1.1650 with no loads traded. Class IV futures have not traded yet today. Butter futures are 0.50 to 2 cents lower. Dry whey futures are 0.60 cent lower to 0.35 cent higher. Traders are not excited over the market as underlying cash remains choppy and prices increases short-lived.
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