OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Lower |
| SOYBEANS: | 6 Lower |
| SOYBEAN MEAL: | $2.40 Higher |
| LIVE CATTLE: | $1.80 Lower |
| DOW JONES: | 269 Points Higher |
| NASDAQ: | 5 Points Higher |
| CRUDE OIL: | $1.66 Lower |
MIDDAY MARKET UPDATE:
The block cheese price declined a penny, closing at $1.6850 with 21 loads traded. There were five unfilled bids remaining at the close of spot trading. The upside price potential for blocks will be limited as long as sellers continue to have large supplies to move to the market. The barrel cheese price declined 1.75 cents, closing at $1.71 with six loads traded. There were no unfilled bids or uncovered offers remaining at the close. The dry whey price declined 2.75 cents, closing at 56.25 cents with five loads traded. Class III futures are mixed, ranging from 15 cents lower to 11 cents higher. The butter price regained some of Wednesday's loss, increasing 2.75 cents to close at $2.59 with six loads traded. Grade A nonfat dry milk slipped 0.25 cent, closing at $1.2650 with seven loads traded. Class IV futures have not yet been traded. Butter futures are 0.02 cents lower to 0.95 cent higher. Dry whey futures are 0.72 cent lower to 0.75 cent higher.
