OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Higher |
| SOYBEANS: | 8 Higher |
| SOYBEAN MEAL: | $4.60 Higher |
| LIVE CATTLE: | $0.32 Lower |
| DOW JONES: | 203 Points Higher |
| NASDAQ: | 109 Points Higher |
| CRUDE OIL: | $0.07 Lower |
MIDDAY MARKET UPDATE:
The block cheese price declined 1.75 cents closing at $1.9250 with four loads traded. The barrel cheese price gained 8 cents closing at $2.01 with one load traded. There were no unfilled bids or uncovered offers remaining for blocks with three unfilled bids for barrels remaining. This may indicate further strength in barrels as buyers become more aggressive. The dry whey price remained unchanged at 59.50 cents with no loads traded. Class III futures are 2 cents lower to 35 cents higher. The butter price gained 4.50 cents closing at $2.68 with 33 loads traded. There were 15 unfilled bids and two uncovered offers remaining at the close. There have been 160 loads traded so far this week. Grade A nonfat dry milk gained a penny closing at $1.36 with one load traded. Class IV futures are 7 to 20 cents higher. Butter futures are 0.25 cent lower to 3.47 cents higher. Dry whey futures are 0.22 cent lower to 0.45 cent higher.
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