OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Lower |
| SOYBEANS: | 8 Lower |
| SOYBEAN MEAL: | $4.10 Lower |
| LIVE CATTLE: | $0.5 Higher |
| DOW JONES: | 229 Points Higher |
| NASDAQ: | 355 Points Higher |
| CRUDE OIL: | $0.30 Higher |
MIDDAY MARKET UPDATE:
Block cheese price increased a penny, closing at $1.75 with one load traded. Barrel cheese price increased by 0.25 cent, closing at $1.7725 with two loads traded. Buyers were not overly aggressive but did want to purchase a few loads. Dry whey price remained unchanged at 38.25 cents with no loads traded.
Class III futures are steady to 21 cents lower. Futures were higher earlier in the morning but turned negative ahead of spot trading and have not recovered. Butter price increased by 0.25 cent, closing at $2.97 with 13 loads traded. Grade A nonfat dry milk price declined by 0.50 cent, closing at $1.11 with two loads trade. Class IV futures have not been traded yet today. Butter futures are 0.15 cent lower to 1.25 cents higher. Dry whey futures are 0.67 cent lower to 0.25 cent higher.
