OUTSIDE MARKETS SUMMARY:
| CORN: | 4 Higher |
| SOYBEANS: | 12 Higher |
| SOYBEAN MEAL: | $12.90 Higher |
| LIVE CATTLE: | $2.00 Higher |
| DOW JONES: | 25 Points Higher |
| NASDAQ: | Unchanged |
| CRUDE OIL: | $0.20 Lower |
MIDDAY MARKET UPDATE:
Both block and barrel cheese prices remained unchanged at $1.86 and $1.74 respectively. There were no loads traded and only an offer for each posted during the trading period. The dry whey price remained unchanged at 74 cents with no loads traded. Traders did not view the steady prices as a support to the market but as a concern over the upside potential through the end of the year. Class III futures are 2 to 12 cents lower. The butter price slipped 0.50 cent closing at $2.5750 with one load traded. An unfilled bid and uncovered offer remained at the close. Grade A nonfat dry milk declined a penny closing at $1.3825 with four loads traded. Class IV futures have not yet been traded. Butter futures are 1.00 cents lower to 3.50 cents higher. Dry whey futures are steady to 0.75 cent higher.
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