OUTSIDE MARKETS SUMMARY:
| CORN: | Unchanged |
| SOYBEANS: | 7 Higher |
| SOYBEAN MEAL: | $4.70 Higher |
| LIVE CATTLE: | $0.97 Higher |
| DOW JONES: | 134 Points Lower |
| NASDAQ: | 8 Points Higher |
| CRUDE OIL: | $0.69 Lower |
MIDDAY MARKET UPDATE:
Block cheese price remained steady at $1.50 with two loads traded. Barrel cheese price declined 0.75 cent, closing at $1.46 with no loads traded. Buyers and sellers of blocks went home satisfied with no unfilled bids or uncovered offers remaining. There were two uncovered offers remaining in barrels with no buyers showing up to the market. Traders did not like what they saw and put further pressure on the market. Class III futures contracts were under pressure throughout the year with prices ranging from 2 to 20 cents lower. Butter price remained steady at $2.5450 with no loads traded. Grade A nonfat dry milk price gained 1.50 cents, closing at $1.19 with one load traded. Class IV futures are 3 cents lower to 20 cents higher. The higher price will not hold due to the current offer being quite a bit lower. There has been quite a bit of trading activity in the May and June contracts. Butter futures are 0.42 cent lower to 1.92 cents higher. Dry whey futures are steady to 0.75 cent higher.
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