OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Lower |
| SOYBEANS: | 5 Higher |
| SOYBEAN MEAL: | $0.21 Lower |
| LIVE CATTLE: | $1.00 Lower |
| DOW JONES: | 116 Points Higher |
| NASDAQ: | 161 Points Higher |
| CRUDE OIL: | $0.95 Higher |
MIDDAY MARKET UPDATE:
The block cheese price 1.5 cents higher at $1.64 with 11 loads traded and seven unfulfilled bids at the spot settlement. The barrel cheese price remained steady at $1.65 with no loads traded. No buyers or sellers showed up for barrels. The dry whey price remained unchanged at 57.25 with no loads traded and only one offer. Class III futures are 6 to 17 cents higher. The butter price remained steady, closing at $2.53 with no loads traded. There were three remaining bids and one offer left at the close. Grade A nonfat increased 1 cent, closing at $1.29 with 12 loads traded. Four offers and five bids were left standing. Class IV futures are mixed from up 5 cents to 12 cents lower. Butter futures are 0.05 to 0.15 cents higher. Dry whey futures have only traded on the August contract at 0.35 cents higher, so far.
