OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Higher |
| SOYBEANS: | Unchanged |
| SOYBEAN MEAL: | $3.20 Lower |
| LIVE CATTLE: | $0.92 Higher |
| DOW JONES: | 21 Points Higher |
| NASDAQ: | 2 Points Lower |
| CRUDE OIL: | $0.67 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 5.50 cents, closing at $1.83 with four loads traded. The barrel cheese price increased 3.00 cents, closing at $1.81 with three loads traded. There was only an unfilled bid remaining for a load of blocks at the close. The dry whey price increased 0.50 cent, closing at 60.50 cents with no loads traded. Class III futures are 2 to 47 cents higher, with September showing the greatest gain. The butter price increased 3.25 cents, closing at $2.3325 with eight loads traded. There were two unfilled bids and two uncovered offers remaining at the close of spot trading. Grade A nonfat dry milk remained unchanged at $1.27 with 16 loads traded. Class IV futures are 2 to 25 cents higher. Butter futures are steady to 2.72 cents higher. Dry whey futures are 0.67 cent lower to 0.80 cent higher. Cheese futures are 0.40 to 4.70 cents higher.
