OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Higher |
| SOYBEANS: | 4 Lower |
| SOYBEAN MEAL: | $3.50 Lower |
| LIVE CATTLE: | $0.47 Lower |
| DOW JONES: | 40 Points Lower |
| NASDAQ: | 141 Points Higher |
| CRUDE OIL: | $0.37 Lower |
MIDDAY MARKET UPDATE:
The block cheese price remained unchanged at $1.8525 with no loads traded. The barrel cheese price declined 0.75 cent closing at $1.7525 with no loads traded. Offers for one load of blocks and three loads of barrels remained at the close with no buyers showing up to do any business. This added to the negativity of the market. The dry whey price remained unchanged at 74 cents with one load traded. Class III futures are steady to 9 cents lower. The butter price declined 0.75 cent closing at $2.5475 with nine loads traded. There were two unfilled bids and seven uncovered offers remaining at the close. Nonfat dry milk remained unchanged at $1.3925 with three loads traded. Class IV futures have not yet been traded. Butter futures are steady to 2.77 cents lower. Dry whey futures are steady to 1.25 cents lower. The USDA will release the November Cold Storage report Monday afternoon. Inventory is expected to show a decline with cheese stocks below a year ago and butter above a year ago.
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