OUTSIDE MARKETS SUMMARY:
| CORN: | 6 Lower |
| SOYBEANS: | 14 Higher |
| SOYBEAN MEAL: | $12.60 Higher |
| LIVE CATTLE: | $1.10 Higher |
| DOW JONES: | 276 Points Higher |
| NASDAQ: | 120 Points Lower |
| CRUDE OIL: | $0.51 Higher |
MIDDAY MARKET UPDATE:
The block cheese price gained 4.50 cents closing at $1.89 with two loads traded. There were two unfilled bids and one uncovered offer remaining. The barrel cheese price slipped by 0.50 cent closing at $1.9150 with one load traded. The dry whey price remained unchanged at 47 cents with no loads traded. Traders are focusing on blocks pushing Class III futures 1 to 30 cents higher. Trading activity is moderate as traders are not thoroughly convinced the market will begin to trend higher. The butter price closed at $3.0650 with one load traded. Grade A nonfat dry milk price declined 1.25 cents closing at $1.1925 with five loads traded. Class IV futures have not yet been traded. Butter futures are 0.25 to 2.50 cents lower. Dry whey futures are 0.25 to 0.52 cent lower.
.jpg)
