OUTSIDE MARKETS SUMMARY:
| CORN: | 4 Lower |
| SOYBEANS: | Unchanged |
| SOYBEAN MEAL: | $2.40 Lower |
| LIVE CATTLE: | $1.60 Lower |
| DOW JONES: | 393 Points Higher |
| NASDAQ: | 76 Points Higher |
| CRUDE OIL: | $0.95 Lower |
MIDDAY MARKET UPDATE:
The block cheese price remained unchanged at $1.9150 during spot trading. There were three loads traded with an unfilled bid and an uncovered offer remaining at the close. The barrel cheese price increased by 0.75 cent closing at $1.87 with one load traded and an uncovered offer remaining at the close. The dry whey price remained unchanged at 74 cents with no loads traded. Class III futures are mixed, ranging from 8 cents lower to 6 cents higher. The butter price increased 2 cents closing at $2.60 with eight loads traded. An unfilled bid and three uncovered offers remained at the close of spot trading. Grade A nonfat dry milk increased 0.50 cent closing at $1.37 with five loads traded. Class IV futures are 1 cent lower to 6 cents higher. Butter futures are 0.50 cent lower to 2.00 cents higher. Dry whey futures are unchanged with trading activity only in the August contract.
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