OUTSIDE MARKETS SUMMARY:
CORN: | 4 Lower |
SOYBEANS: | 12 Lower |
SOYBEAN MEAL: | $8.20 Lower |
LIVE CATTLE: | $0.30 Lower |
DOW JONES: | 192 Points Higher |
NASDAQ: | 139 Points Higher |
CRUDE OIL: | $0.46 Higher |
MIDDAY MARKET UPDATE:
Both blocks and barrels remained unchanged at $1.6150 and $1.5750, respectively, with no loads traded in either category. There were only offers for two loads of barrels posted with no bids. The traders did not find any consolation in steady cheese prices. The dry whey price declined a penny to 49 cents with no loads traded. Class III milk futures are 17 cents lower to 1 cent higher. Butter price remained unchanged at $2.77 with no loads traded. Grade A nonfat dry milk price declined 2 cents, closing at $1.22 with one load traded. Class IV futures are mixed, ranging from 5 cents lower to 1 cent higher. Butter futures are unchanged to 2.95 cents higher. Dry whey futures are 0.17 to 1.02 cents lower.