OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Lower |
| SOYBEANS: | 23 Lower |
| SOYBEAN MEAL: | $7.10 Lower |
| LIVE CATTLE: | $0.85 Lower |
| DOW JONES: | 170 Points Higher |
| NASDAQ: | 37 Points Higher |
| CRUDE OIL: | $0.61 Higher |
MIDDAY MARKET UPDATE:
Cheese prices remained unchanged during spot trading with blocks remaining at $1.86 and barrels at $1.7850 with no loads traded. There were two uncovered offers for blocks with no buyers showing interest. There was an unfilled bid and an uncovered offer remaining for barrels. The lack of buying interest for blocks sets a negative tone in the market. The dry whey price increased 0.50 cent closing at 75 cents with three loads traded. Class III futures are 29 cents lower to 5 cents higher with only the July contract showing the gain. The butter price declined a penny closing at $2.51 with one load traded. There was an unfilled bid and three uncovered offers remaining at the close. Grade A nonfat dry milk declined by 0.75 cent closing at $1.3725 with six loads traded. Class IV futures are 2 to 15 cents higher. Butter futures are 1 cent lower to 2 cents higher. Dry whey futures are unchanged to 3 cents lower.
