OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Higher |
| SOYBEANS: | Unchanged |
| SOYBEAN MEAL: | $3.80 Higher |
| LIVE CATTLE: | $0.65 Higher |
| DOW JONES: | 37 Points Higher |
| NASDAQ: | 18 Points Lower |
| CRUDE OIL: | $0.95 Lower |
MIDDAY MARKET UPDATE:
Block cheese price increased 3.50 cents, closing at $1.55 with six loads traded. Barrel cheese price increased 3.75 cents, closing at $1.5675 with two loads traded. Prices moved to higher levels again until selling pressure took prices off their highs. Block initially moved to $1.5550, and barrels moved to $1.5825 during the session. Two uncovered offers were remaining at the close for blocks and two offers for barrels. Dry whey price declined a penny to 38 cents with one load traded. Class III futures are 6 to 25 cents higher. Butter price increased 3 cents, closing at $2.97 with three loads traded. Grade A nonfat dry milk price increased by 0.50 cent, closing at $1.1375 with two loads traded. There were four unfilled bids for loads of butter and one uncovered offer. Class IV futures are 4 to 5 cents higher. Butter futures are 0.75 cent lower to 3.02 cents higher. Dry whey futures are 0.20 cent lower to 2.20 cents higher.
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