OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Lower |
| SOYBEANS: | 6 Higher |
| SOYBEAN MEAL: | $8.80 Higher |
| LIVE CATTLE: | $1.52 Lower |
| DOW JONES: | 140 Points Higher |
| NASDAQ: | 78 Points Higher |
| CRUDE OIL: | $1.23 Lower |
MIDDAY MARKET UPDATE:
Both block and barrel cheese prices closed unchanged at $1.75 and $1.7725 with no loads traded. No one showed up to do any business leaving Class III futures without any direction. Dry whey price declined by 0.75 cent closing at 37.50 with one load traded.
Class III futures are mixed ranging from 17 cents lower to 9 cents higher. Trading volume is light with June showing the most activity with 366 contracts traded. The butter price slipped by 0.50 cent closing at $2.9650 with no loads traded and no buyers showing up at the market. The Grade A nonfat dry milk price remained unchanged at $1.11 with no loads traded. Class IV futures have not yet traded any contracts. Butter futures are 1.70 cents lower to 1.15 cents higher. Dry whey futures are steady to 0.47 cent lower.
