OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Lower |
| SOYBEANS: | 5 Higher |
| SOYBEAN MEAL: | $0.50 Lower |
| LIVE CATTLE: | $1.70 Higher |
| DOW JONES: | 603 Points Higher |
| NASDAQ: | 511 Points Higher |
| CRUDE OIL: | $1.83 Lower |
MIDDAY MARKET UPDATE:
The block cheese price declined 1.50 cents, closing at $1.76 with two loads traded. The barrel cheese price declined 2.50 cents, closing at $1.7850 with one load traded. Sellers showed up more aggressively during spot trading, as there is little fundamental support under the market. The dry whey price jumped 2.25 cents, closing at 50.00 cents, and the highest price since March 31. Class III futures are 1 cent lower to 26 cents higher. The butter price increased 0.25 cent, closing at $2.3250 with no loads traded. Grade A nonfat dry milk slipped 0.25 cent, closing at $1.1825 with two loads traded. Class IV futures have not yet been traded. Butter futures are 0.45 cent lower to 1.70 cent higher. Dry whey futures are 2.70 to 3.70 cents higher.
