OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Higher |
| SOYBEANS: | 6 Lower |
| SOYBEAN MEAL: | $1.20 Lower |
| LIVE CATTLE: | $0.15 Lower |
| DOW JONES: | 107 Points Higher |
| NASDAQ: | 128 Points Higher |
| CRUDE OIL: | $0.34 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 0.25 cent, closing at $1.6950 with one load traded. The barrel cheese price remained unchanged at $1.7275 with no loads traded. The dry whey price declined 1.50 cents, closing at 59.00 cents with two loads traded. Class III futures were trading higher prior to spot trading but moved to mixed prices after cheese showed little direction and the weakness of dry whey provided no support. Class III futures are 11 cents lower to 5 cents higher. The butter price declined 5.50 cents, closing at $2.5625 with six loads traded. Grade A nonfat dry milk remained unchanged with no loads traded. Class IV futures have not yet been traded. Butter futures are 1.00 to 5.00 cents lower. Dry whey futures are 1.25 to 2.40 cents lower.
