OUTSIDE MARKETS SUMMARY:
| CORN: | 7 Higher |
| SOYBEANS: | 8 Higher |
| SOYBEAN MEAL: | $0.80 Higher |
| LIVE CATTLE: | $3.10 Higher |
| DOW JONES: | 490 Points Higher |
| NASDAQ: | 102 Points Higher |
| CRUDE OIL: | $0.17 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased a penny, closing at $1.62 with nine loads traded. The barrel cheese price gained 2.75 cents, closing at $1.6650 with one load traded. There were six unfilled bids for blocks and one unfilled bid for barrels remaining at the close of trading. No offers remained. The dry whey price increased 0.75 cent, closing at 58.50 cents with two loads traded. Class III futures are 2 to 57 cents higher. This moves the August contract back above $18.00. The butter price increased by 2.50 cents, closing at $2.5625 with two loads traded. Grade A nonfat dry milk remained unchanged at $1.25 with no loads traded. Class IV futures are 13 cents higher in the September contract, which is the only contract that has been traded. Butter futures are 0.02 to 4.90 higher. Dry whey futures are steady to 1.60 cents higher.
