OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Higher |
| SOYBEANS: | 22 Lower |
| SOYBEAN MEAL: | $0.70 Higher |
| LIVE CATTLE: | $0.85 Lower |
| DOW JONES: | 7 Points Lower |
| NASDAQ: | 80 Points Higher |
| CRUDE OIL: | $1.44 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 2 cents closing at $1.95 with one load traded. The barrel cheese price increased by 0.50 cent closing at $1.9750 with no loads traded. The dry whey price was unchanged at 57 cents with no loads traded. Class III futures were under pressure overnight and through the morning but moved into positive territory after spot trading. Futures are unchanged to 9 cents higher. The butter price slipped 0.25 cent closing at $3.0875 with two loads traded. Grade A nonfat dry milk increased by 0.75 cent closing at $1.24 with nine loads traded. Class IV futures have not yet been traded. Butter futures are 1.00 cent lower to 0.90 cent higher. Dry whey futures are 0.45 cent lower to 0.75 cent higher.
