OUTSIDE MARKETS SUMMARY:
| CORN: | 12 Higher |
| SOYBEANS: | 26 Higher |
| SOYBEAN MEAL: | $9.50 Higher |
| LIVE CATTLE: | $0.60 Higher |
| DOW JONES: | 59 Points Higher |
| NASDAQ: | 25 Points Higher |
| CRUDE OIL: | $0.56 Lower |
MIDDAY MARKET UPDATE:
The block cheese price declined by 3.75 cents closing at $2.20 with one load traded. The barrel cheese price remained unchanged at $2.59 with no loads traded. There were two uncovered offers for blocks and one for barrels remaining at the close. No buyers were looking to purchase barrels. The dry whey price was unchanged at 58.75 with no loads traded. Class III futures are 8 cents lower to 18 cents higher. The butter price declined 3.25 cents closing at $2.94 with two loads traded, one unfilled bid and two uncovered offers remaining at the close. This is the lowest price since April 19. Grade A nonfat dry milk remained unchanged at $1.38 with one load traded. Class IV futures are 7 cents lower to 1 cent higher. Butter futures are steady to 3.52 cents lower. Dry whey futures have not yet traded. Grain futures are strong despite harvest progressing at a rapid pace. Wheat is leading corn and soybean oil is leading the soybean complex.
