OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Lower |
| SOYBEANS: | 7 Lower |
| SOYBEAN MEAL: | $1.00 Lower |
| LIVE CATTLE: | $1.32 Higher |
| DOW JONES: | 142 Points Higher |
| NASDAQ: | 157 Points Higher |
| CRUDE OIL: | $1.64 Higher |
MIDDAY MARKET UPDATE:
Block cheese price initially increased a penny before sellers became more aggressive, resulting in the price closing 2 cents lower with three loads traded. Barrel cheese prices increased 5.75 cents, closing at $1.50 with one load traded. Dry whey price declined 1.50 cents, closing at 43 cents with two loads traded. Class III futures are 1 cent lower to 9 cents higher with moderate trading activity. The butter price slipped 0.25 cent, closing at $2.28 with no loads traded. Grade A nonfat dry milk price declined 1.75 cents, closing at $1.1450 with five loads traded. Class IV futures are trading steady with activity only in the April and November contracts. Butter futures are 0.97 cent lower to 1.25 cents higher. Dry whey futures are 0.55 cent lower to 0.15 cent higher.
