OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Higher |
| SOYBEANS: | 5 Higher |
| SOYBEAN MEAL: | $4.20 Higher |
| LIVE CATTLE: | $0.32 Higher |
| DOW JONES: | 61 Points Lower |
| NASDAQ: | 1 Point Higher |
| CRUDE OIL: | $0.97 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 1.50 cents closing at $2.23 with one load traded. The barrel cheese price decreased one cent closing at $2.25 with one load traded. Only an uncovered offer remained for a load of blocks at the close of spot trading. The dry whey price declined 0.50 cent closing at 56.60 cents with one load traded. Class III futures in contracts through the end of the year had price swings of about 30 cents with current contracts mixed ranging from 22 cents lower to 7 cents higher. The butter price slipped 0.50 cent with no loads traded. There were two unfilled bids and three uncovered offers remaining at the close. Grade A nonfat dry milk increased 1.25 cents closing at $1.3550 with two loads traded. Class IV futures are 1 to 20 cents lower. Butter futures are steady to 0.52 cent higher. Dry whey futures are steady to 1.02 cents lower.
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