OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Lower |
| SOYBEANS: | 6 Lower |
| SOYBEAN MEAL: | $0.60 Lower |
| LIVE CATTLE: | $0.62 Higher |
| DOW JONES: | 185 Points Higher |
| NASDAQ: | 82 Points Higher |
| CRUDE OIL: | $0.89 Lower |
MIDDAY MARKET UPDATE:
The block cheese price declined 0.50 cent, closing at $1.64 with eight loads traded. The barrel cheese price declined 3.50 cents, closing at $1.6250 with seven loads traded. Steady cheese prices for a few days did not indicate the market found support, but a pause in the weakness. There were three unfilled bids for loads of blocks and one unfilled bid for a load of barrels remaining at the close. The dry whey price gained 1.50 cents, closing at 54.00 cents with six loads traded. Class III futures are holding well with contracts 6 cents lower to 7 cents higher. The butter price gained 4.50 cents, closing at $2.4650 with two loads traded. There were 10 unfilled bids for loads of butter and one uncovered offer remaining at the close. Grade A nonfat dry milk remained unchanged at $1.2875 with no loads traded. Class IV futures have not yet been traded. USDA will release the June Cold Storage and the bi-annual Cattle Inventory report this afternoon.
