Tuesday Midday Dairy Market Summary - Butter Finds More Aggressive Buyer Interest

OUTSIDE MARKETS SUMMARY:

CORN:	1 Higher
SOYBEANS:	5 Higher
SOYBEAN MEAL:	$3.40 Higher
LIVE CATTLE:	$0.17 Lower
DOW JONES:	391 Points Higher
NASDAQ:	266 Points Higher
CRUDE OIL:	$0.77 Higher

MIDDAY MARKET UPDATE:

The block cheese price increased 0.75 cent closing at $1.86 with one load traded. The barrel cheese price declined 1.25 cents closing at $1.74 with three loads traded. An offer remained in each at the close of trading. The dry whey price remained steady at 74 cents with no loads traded. Class III futures are 8 cents lower to 19 cents higher. The butter price increased 3.25 cents closing at $2.58 with two loads traded. There was an unfiled bid and four uncovered offers remaining at the close. Grade A nonfat dry milk remained unchanged at $1.3925 with no loads traded. Class IV futures have not been traded. Butter futures are 0.50 to 3.85 cents higher. Dry whey futures are steady in very light activity. The markets close early today and will remain closed on Wednesday for Christmas.