OUTSIDE MARKETS SUMMARY:
| CORN: | 3 lower |
| SOYBEANS: | 19 Lower |
| SOYBEAN MEAL: | $2.20 Lower |
| LIVE CATTLE: | $0.97 Higher |
| DOW JONES: | 46 Points Higher |
| NASDAQ: | 137 Points Higher |
| CRUDE OIL: | $0.10 Lower |
MIDDAY MARKET UPDATE:
Both block and barrel cheese prices remained unchanged at $1.9250 and $2.01 respectively with no loads traded. Only an offer was posted for a load of blocks at the unchanged price. No one else showed up to do any business. This was disappointing to traders resulting in selling pressure on Class III futures. The dry whey price increased by 0.75 cent closing at 60.25 cents with six loads traded. There were unfilled bids and uncovered offers remaining at the close on both sides of the market. Class III futures are 21 cents lower to 18 cents higher. The butter price decreased 2 cents closing at $2.66 with one load traded. There were unfilled bids for three loads at the close with no uncovered offers. Nonfat dry milk increased 2 cents closing at $1.38 with 12 loads traded. Class IV futures are mixed from 15 cents lower to 10 cents higher. Butter futures are 3.32 cents lower to 3.25 cents higher. Dry whey futures are 0.27 to 1.00 cents higher.
