OUTSIDE MARKETS SUMMARY:
| CORN: | 6 Lower |
| SOYBEANS: | 7 Lower |
| SOYBEAN MEAL: | $0.90 Lower |
| LIVE CATTLE: | $0.52 Higher |
| DOW JONES: | 253 Points Higher |
| NASDAQ: | 16 Points Higher |
| CRUDE OIL: | $0.38 Lower |
MIDDAY MARKET UPDATE:
Block cheese price declined 1.75 cents closing at $1.4075 with three loads traded. Barrel cheese price declined 1.75 cents, closing at $1.42 with one load traded. Dry whey price gained 0.25 cent closing at 40.25 cents with no loads traded. Class III futures are unchanged to 32 cents lower. The weakness triggered selling as those who had been bullish recently liquidated their positions. Butter price increased a penny closing at $2.84 with one load traded. Grade A nonfat dry milk price slipped 0.25 cent closing at 1.12 with four loads traded. Class IV futures show trade in only the September contract with the price 5 cents higher. Butter futures are 0.10 lower to 4.50 cents higher. Dry whey futures are 0.42 cent lower to 0.30 cent higher. The markets are just not ready to establish long-term support and may continue to chop around.
