OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Higher |
| SOYBEANS: | 4 Lower |
| SOYBEAN MEAL: | $0.90 Lower |
| LIVE CATTLE: | $1.52 Lower |
| DOW JONES: | 36 Points Lower |
| NASDAQ: | 247 Points Higher |
| CRUDE OIL: | $0.27 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 2.25 cents closing at $1.8225 with four loads traded. The barrel cheese price increased by 0.25 cent closing at $1.73 with three loads traded. There was an unfilled bid each for blocks and barrels with two uncovered offers for barrels. The dry whey price took a hit declining 4.75 cents closing at 74.50 cents with six loads traded, and three uncovered offers remaining at the close. Traders are focusing more on the increase in cheese prices rather than the weakness of dry whey. Class III contracts are 15 cents lower to 31 cents higher with the gains in the January through April contracts. The butter price gained 3.50 cents closing at $2.50 with 10 loads traded. Grade A nonfat dry milk remained unchanged at $1.3775 with no loads traded. Class IV futures are mixed from 5 cents lower to 2 cents higher. Butter futures are 0.75 cent lower to 1.32 cents higher. Dry whey futures are steady to 2.40 cents lower.
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