OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Lower |
| SOYBEANS: | 2 Higher |
| SOYBEAN MEAL: | $2.20 Higher |
| LIVE CATTLE: | $1.87 Higher |
| DOW JONES: | 6 Points Higher |
| NASDAQ: | 25 Points Higher |
| CRUDE OIL: | $1.46 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 1.50 cents, closing at $1.81 with one load traded. The barrel price increased 4.00 cents, closing at $1.80 with no loads traded. An uncovered offer remained for a load of barrels with two unfilled bids for barrels and an uncovered offer for blocks. The dry whey price remained unchanged at 57.00 cents with no loads traded. Class III futures are 1-39 cents higher. The butter price declined 5.50 cents, closing at a new low for the year of $2.1850 with one load traded. There were eight unfilled bids and nine uncovered offers remaining at the close. The new low in butter brings the price spread closer together, and is the nearest it has been in over two years. Grade A nonfat dry milk price decreased 0.50 cent, closing at $1.2525 with one load traded. Class IV futures are 15-21 cents lower. Butter futures are 0.26 0 6.35 cents lower. Dry whey futures are 0.50-1.22 cents higher. Cheese futures are 0.20 cent lower to 3.90 cents higher.
