OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Lower |
| SOYBEANS: | 3 Lower |
| SOYBEAN MEAL: | $3.90 Higher |
| LIVE CATTLE: | $0.62 Higher |
| DOW JONES: | 74 Points Higher |
| NASDAQ: | 51 Points Higher |
| CRUDE OIL: | $0.62 Higher |
MIDDAY MARKET UPDATE:
Block cheese price gained 3 cents closing at $1.91 with two loads traded. The barrel cheese price declined 2 cents closing at $1.88 with one load traded. The block/barrel spread finally moved back to normal with blocks holding a 3 cents premium to barrels. It has been quite some time since blocks were above barrels. The dry whey price remained unchanged at 48.50 cents with no loads traded. Class III futures are mixed ranging from 9 cents lower to 5 cents higher with contracts slipping back from earlier gains. The butter price increased 1.75 cents closing at $3.1075 with two loads traded. Grade A nonfat dry milk price declined by 0.50 cents closing at $1.18 with eight loads traded. Class IV futures have not yet been traded. Butter futures are 0.05 to 4.22 cents higher. Dry whey futures are 0.25 to 0.50 cent higher.
