OUTSIDE MARKETS SUMMARY:
| CORN: | 6 Lower |
| SOYBEANS: | 18 Lower |
| SOYBEAN MEAL: | $8.10 Lower |
| LIVE CATTLE: | $0.17 Higher |
| DOW JONES: | 146 Points Higher |
| NASDAQ: | 162 Points Higher |
| CRUDE OIL: | $1.44 Higher |
MIDDAY MARKET UPDATE:
The block cheese price declined by 5.50 cents, closing at $1.9150 with four loads traded. The barrel cheese price declined 2 cents, closing at $2.00 with seven loads traded. There was an unfilled bid and an uncovered offer for a load of blocks remaining and an unfilled bid for a load of barrels. The dry whey price increased a penny closing at 48 cents with one load traded. Class III futures were lower before spot trading and showed further losses during and after the trading period. Futures are currently steady to 33 cents lower. The butter price increased 1.75 cents, closing at $3.1075 with 2 loads traded. Nonfat dry milk remained unchanged at $1.1925 with no loads traded. Class IV futures have not yet traded with bids and offers far apart. Butter futures are mixed from 0.50 cent lower to 0.12 cent higher. Dry whey futures are 0.60-1.25 cents higher.
