OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Higher |
| SOYBEANS: | 10 Lower |
| SOYBEAN MEAL: | $4.70 Lower |
| LIVE CATTLE: | $0.47 Higher |
| DOW JONES: | 163 Points Higher |
| NASDAQ: | 112 Points Higher |
| CRUDE OIL: | $90.56 Lower |
MIDDAY MARKET UPDATE:
Block cheese price felt the pressure with sellers being aggressive and price falling 5.25 cents, closing at $1.3950 with 10 loads traded. Barrel cheese price declined 0.25 cent, closing at $1.39 with 18 loads traded. The barrel price initially increased 0.75 cent before heavy selling pushed the price lower. There were only unfilled bids remaining at the close at lower prices. Dry whey price declined 0.75 cent, ending at 37.25 cents with six loads traded. Class III futures are 21 cents lower to 2 cents higher with February showing the greatest pressure. Butter price slipped 0.50 cent, closing at $2.60 with four loads traded. This is the first decline of butter in four days.
Grade A nonfat dry milk price slipped 0.25 cent, closing at $1.1550 with one load traded. Class IV futures are 15 cents lower to 24 cents higher. Butter futures are steady to 3 cents higher. Dry whey futures are 0.50 to 1.10 cents lower. USDA will release the November Livestock Slaughter report this afternoon.
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