OUTSIDE MARKETS SUMMARY:
| CORN: | 6 Higher |
| SOYBEANS: | 11 Higher |
| SOYBEAN MEAL: | $2.70 Higher |
| LIVE CATTLE: | $0.65 Higher |
| DOW JONES: | 147 Points Higher |
| NASDAQ: | 64 Points Higher |
| CRUDE OIL: | $2.36 Higher |
MIDDAY MARKET UPDATE:
Block cheese price initially increased a penny before selling pressure moved price back to unchanged at $1.39. There were 14 loads traded as buyers were interested in purchasing what was being offered. Barrel cheese price increased 3.25 cents closing at $1.4350 with 8 loads traded. There were 2 unfilled bids for blocks and one uncovered offer. Barrels were in greater demand as there were 14 unfilled bids remaining at the close. There have been quite a large number of unfilled bids over the past few days but little in the way of upward price movement. It will be interesting to see how aggressive buyers will be through the end of the year.
Dry whey price remained unchanged at 38 cents with no loads traded. Class III futures are unchanged to 19 cents higher. Butter price increased 0.25 cent closing at $2.5425 with no loads traded. Grade A nonfat dry milk price remained steady at $1.16 with one load traded. Class IV futures are 7 cents lower to 9 cents higher. Butter futures are 1.22 cents lower to $2.77 cents higher. Dry whey futures have not yet traded today.
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