OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Higher |
| SOYBEANS: | 1 Higher |
| SOYBEAN MEAL: | Unchanged |
| LIVE CATTLE: | $0.50 |
| DOW JONES: | 114 Points Higher |
| NASDAQ: | 66 Points Higher |
| CRUDE OIL: | $0.19 Lower |
MIDDAY MARKET UPDATE:
The block cheese price fell 6.50 cents, closing at $1.69 with five loads traded. The barrel cheese price declined 8 cents, closing at $1.69 with one load traded. Buyers continue to lower their bids as the sellers want to move their supply. The market is unable to find a bottom. The dry whey price slipped 0.50 cent, closing at 54.75 with seven loads traded. Class III futures are being hit hard, with futures 3 to 36 cents lower. All contracts are now below $19.00 with the July contract below $18.00. The butter price fell 5 cents, closing at $2.5275 with six loads traded. There were two unfilled bids and one uncovered offer remaining at the close of spot trading. Grade A nonfat dry milk increased 1.50 cents, closing at $1.28 with four loads traded. Class IV futures are 15 cents lower to 7 cents higher. Butter futures are 0.50 to 6.00 cents lower. Dry whey futures are 0.32 to 1.25 cents lower.
