OUTSIDE MARKETS SUMMARY:
| CORN: | 6 Higher |
| SOYBEANS: | 14 Higher |
| SOYBEAN MEAL: | $3.70 Higher |
| LIVE CATTLE: | $0.17 Lower |
| DOW JONES: | 16 Points Higher |
| NASDAQ: | 20 Points Lower |
| CRUDE OIL: | $0.58 Higher |
MIDDAY MARKET UPDATE:
Block cheese price fell 5.50 cents, closing at $1.86 with six loads traded. Barrel cheese price fell 6.00 cents, closing at $1.94 with three loads traded. An offer for a load of blocks remained at the close of spot trading. It was a bit surprising buyers did not step up aggressively at the lower prices of Monday. This weakness may keep buyers holding back until sellers no longer sell at lower prices. The dry whey price remained unchanged at 48 cents with no loads traded. Class III futures are 63 cents lower to 5 cents higher with July taking the brunt of the selling. Butter price remained unchanged at $3.1075 with no loads traded. The Grade A nonfat dry milk price declined by 0.25 cents, closing at $1.19 with three loads traded. Class IV futures have not yet been traded. Butter futures are 0.90 to 4.47 cents lower. Dry whey futures are 0.25 cent lower to 0.15 cent higher.
