OUTSIDE MARKETS SUMMARY:
| CORN: | 7 Higher |
| SOYBEANS: | 9 Higher |
| SOYBEAN MEAL: | $1.40 Higher |
| LIVE CATTLE: | $0.90 Higher |
| DOW JONES: | 713 Points Lower |
| NASDAQ: | 182 Points Lower |
| CRUDE OIL: | $0.39 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 3.50 cents, closing at $1.9350 with two loads traded. This is the highest price since Jan. 6. The barrel cheese price increased 2.75 cents, closing at $1.8625 with no loads traded. Unfilled bids remained at the close of spot trading with no offers. The dry whey price gained a penny, closing at 53.50 with no loads traded. Class III futures are 3 to 61 cents higher with June showing the greatest gain. The butter price remained unchanged at $2.3425 with no loads traded. Grade A nonfat dry milk remained unchanged at $1.2250 with no loads traded. Class IV futures are 9 to 10 cents lower. Butter futures are 1.00 cents lower to 0.40 cent higher. Dry whey futures are 0.25 to 1.20 cents higher. USDA will release the April Milk Production report this afternoon.
