OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Lower |
| SOYBEANS: | 10 Higher |
| SOYBEAN MEAL: | $1.00 Higher |
| LIVE CATTLE: | $1.70 Higher |
| DOW JONES: | 63 Points Higher |
| NASDAQ: | 9 Points Lower |
| CRUDE OIL: | $0.36 Higher |
MIDDAY MARKET UPDATE:
Block cheese price gained 4.25 cents, closing at $1.9425 with five loads traded and three unfilled bids remaining at the close of spot trading. The barrel cheese price increased by 0.50 cent, closing at $2.1250 with five loads traded with only an offer remaining at the close. Barrels remain supported even though the price has moved up quickly. This could bring the block price higher to close the gap. The dry whey price remained unchanged at 41.50 with no loads traded. Class III futures are one cent lower to 35 cents higher with May showing the loss and June showing the greatest gain. The butter price increased 1.50 cents, closing at $5.07 with no loads traded. This is 0.50 cent shy of the high reached on May 3. Nonfat dry milk remained unchanged at $1.1650 with no loads traded. Class IV futures are 10 to 23 cents higher. Butter futures are 1.50 to 6.00 cents higher. Dry whey futures are 0.45 cent lower to 0.72 cent higher.
