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.
