OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Higher |
| SOYBEANS: | 1 Higher |
| SOYBEAN MEAL: | $2.40 Higher |
| LIVE CATTLE: | $0.67 Higher |
| DOW JONES: | 157 Points Lower |
| NASDAQ: | 144 Points Higher |
| CRUDE OIL: | $1.82 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased by a penny closing at $2.3150 with one load traded. The barrel cheese price increased 4.50 cents closing at $2.3850 with one load traded. The buyers remain aggressive and are not waiting for price weakness that may not materialize. There was an unfilled bid for a load of barrels and an uncovered offer for a load of barrels and one for blocks. The dry whey price remained unchanged at 59 cents. Class III futures posted double-digit gains in some contracts ahead of spot trading. After spot trading, Class III futures are mixed ranging from 7 cents higher to 15 cents lower. Futures had the gains of today already factored in. The butter price remained steady at $3.1750 with no load traded and no buyers or sellers showing up to do any business. Grade A nonfat dry milk increased by 0.25 cents closing at $1.3975 with six loads traded. Class IV futures are 4 to 10 cents lower. Butter futures are 0.25 to 2.97 cents lower. Dry whey futures are steady to 0.50 cents higher.
