OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Higher |
| SOYBEANS: | 8 Lower |
| SOYBEAN MEAL: | $2.50 Higher |
| LIVE CATTLE: | $0.32 Higher |
| DOW JONES: | 263 Points Higher |
| NASDAQ: | 32 Points Higher |
| CRUDE OIL: | $0.15 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 0.50 cent closing at $1.9425 with six loads traded. The price initially declined before buyers became more aggressive supporting the price. The barrel cheese price increased 4 cents closing at $1.93 with four loads traded. This provided the support milk futures needed to continue to move higher. The dry whey price slipped 0.25 cent ending at 59.50 cents with nine loads traded. Class III futures are 3 cents lower to 30 cents higher. The butter price increased 2 cents losing at $2.6350 with 48 loads traded. For the first three days of this week, 127 loads of butter have been traded. Grade A nonfat dry milk remained unchanged at $1.35 with seven loads traded. Class IV futures are 2 to 19 cents higher. Butter futures are 0.12 cent lower to 2.42 cents higher. Dry whey futures are steady to 0.42 cent higher.
