OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Higher |
| SOYBEANS: | 7 Lower |
| SOYBEAN MEAL: | $1.8 Higher |
| LIVE CATTLE: | $0.25 Lower |
| DOW JONES: | 22 Points Lower |
| NASDAQ: | 70 Points Lower |
| CRUDE OIL: | $0.04 Lower |
MIDDAY MARKET UPDATE:
Block cheese price decreased by 1 cent, closing at $1.6050 with two loads traded and three unfilled offers remaining at the close. Barrel cheese price decreased by 2 cents at $1.65 with four loads traded and an uncovered offer and an uncovered bid remaining at the close. Dry whey price declined 1.25 cents, closing at 42.75 cents with two loads traded and one bid remaining. Price has now declined 9.50 cents so far this week. Class III futures remain under pressure with contracts ranging from 31 cents lower to 3 cents higher with the only gain in the July contract. Butter price declined by 3.50 cents, closing at $2.7650 with six loads traded. There were eight unfilled bids at the close. Butter futures are 0.5 to 3 cents lower. Grade A nonfat dry milk price remained steady, closing at $1.19 with three loads traded. Class IV futures have not traded yet Thursday. Dry whey futures are 0.40 to 0.75 cents lower. USDA will release the Agricultural Prices Report later Thursday.
