OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Lower |
| SOYBEANS: | 10 Lower |
| SOYBEAN MEAL: | $2.60 Lower |
| LIVE CATTLE: | $1.12 Higher |
| DOW JONES: | 242 Points Higher |
| NASDAQ: | 56 Points Higher |
| CRUDE OIL: | $2.28 Lower |
MIDDAY MARKET UPDATE:
The block cheese price declined 3 cents closing at $2.1450 with no loads traded. The barrel cheese price declined 2.75 cents closing at $2.40 with no loads traded. There was an unfilled bid for a load of barrels remaining at $2.41 on Wednesday, but that bid was nowhere to be found today. Sellers are having a difficult time selling products as prices decline. The dry whey price gained 0.25 cents closing at 59.75 cents with five loads traded. Class III futures are 5 cents lower to 18 cents higher. The butter price fell 7 cents closing at $2.79 with nine loads traded. The price is at the lowest level since March 7. Grade A nonfat dry milk declined by 0.75 cents closing at $1.37 with three loads traded. Class IV futures are 21 to 48 cents lower. Butter futures are 7.47 cents lower to 1.72 cents higher. Dry whey futures are 0.50 cents lower to 0.22 cents higher. USDA will release the August Cold Storage report this afternoon.
