OUTSIDE MARKETS SUMMARY:
| CORN: | 6 Higher |
| SOYBEANS: | 14 Higher |
| SOYBEAN MEAL: | $9.90 Higher |
| LIVE CATTLE: | $1.17 Higher |
| DOW JONES: | 642 Points Higher |
| NASDAQ: | 279 Points Higher |
| CRUDE OIL: | $0.34 Higher |
MIDDAY MARKET UPDATE:
The block cheese price slipped by 0.25 cent closing at $1.8525 with two loads traded. The barrel cheese price remained unchanged at $1.76 with four loads traded. No unfilled bids remained at the close with an offer for a load of blocks and offers for two loads of barrels. The dry whey price remained unchanged at 74 cents with one load traded. Class III futures are one cent lower to 48 cents higher. The only loss is in the nearby December contract. Futures are rebounding due to the market being overdone to the downside the past two days. The butter price increased 4.50 cents closing at $2.5550 with seven loads traded. Grade A nonfat dry milk increased by 1.75 cents closing at $1.3925 with eight loads traded. Class IV futures are 25 to 48 cents higher. Butter futures are 0.20 to 6.25 cents higher. Dry whey futures are steady to 2.00 cents lower.
