OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Higher |
| SOYBEANS: | 4 Lower |
| SOYBEAN MEAL: | $3.10 Lower |
| LIVE CATTLE: | $1.52 Lower |
| DOW JONES: | 191 Points Lower |
| NASDAQ: | 80.72 Points Higher |
| CRUDE OIL: | $0.20 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 0.25 cent, closing at $1.6450 with one load traded. The barrel cheese price remained unchanged at $1.66 with no loads traded. There were three unfilled bids and five uncovered offers remaining at the close of spot trading. The dry whey price declined 1.25 cents, closing at 53.50 cents with six loads traded. The weakness of dry whey offset the increase in blocks, reducing the price calculation for the day. Class III futures are 6 cents lower to 16 cents higher with strength in the nearby months. The butter price remained unchanged at $2.42 with no loads traded. Grade A nonfat dry milk increased 0.75 cent, closing $1.2875 with eight loads traded. Class IV futures have not yet been traded. Butter futures are 0.90 cent lower to 3.10 cents higher. Dry whey futures are 1.00 cents lower to 1.00 cents higher. The June Livestock Slaughter report will be released today, showing the amount of dairy cattle slaughter during the month.
