OUTSIDE MARKETS SUMMARY:
| CORN: | 7 Higher |
| SOYBEANS: | 5 Higher |
| SOYBEAN MEAL: | $1.30 Lower |
| LIVE CATTLE: | $0.35 Lower |
| DOW JONES: | 101 Points Lower |
| NASDAQ: | 52 Points Lower |
| CRUDE OIL: | $1.02 Higher |
MIDDAY MARKET UPDATE:
The block cheese price remained steady at $1.92 with no loads traded. The barrel cheese price slipped by 0.25 cent closing at $1.8150 with no loads traded. The dry whey price remained steady at 55.50 with no loads traded. This held disappointment to traders, resulting in pressure on Class III futures. Contracts range from 10 cents lower to 4 cents higher. The July contract shows the only gain. The butter price gained 3.25 cents closing at $2.41 with nine loads traded. Grade A nonfat dry milk remained unchanged at $1.28 with no loads traded. Class IV futures have not yet been traded. Butter futures are 1.70 cents lower to 1.57 cents higher. Dry whey futures are 1.00 cents lower to 0.70 cent higher.
