OUTSIDE MARKETS SUMMARY:
| CORN: | 4 Higher |
| SOYBEANS: | 14 Lower |
| SOYBEAN MEAL: | $2.90 Lower |
| LIVE CATTLE: | $0.90 Higher |
| DOW JONES: | 139 Points Higher |
| NASDAQ: | 43 Points Higher |
| CRUDE OIL: | $2.90 Higher |
MIDDAY MARKET UPDATE:
Block cheese price slipped 2 cents closing at $1.58 with three loads traded. Barrel cheese price declined 5.75 cents, closing at $1.49.25 with six loads traded. Dry whey increased 0.50 cent closing at 39.5 cents with no loads traded. This brought pressure to Class III futures with contracts ranging from 5-20 cents lower after a neutral to positive morning of trading.
Butter dropped 7.50 cents closing at $2.5000 with four loads traded. Grade A nonfat dry milk traded 0.25 cents lower at $1.1625 with one load traded. Class IV futures have not traded yet today. Butter futures are 3.00-3.50 cents lower. Dry whey futures are 0 to 0.35 cent higher. Futures acrost the dairy sector all felt the pressure after the cash auction today.
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