OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Higher |
| SOYBEANS: | 11 Higher |
| SOYBEAN MEAL: | $5.30 Higher |
| LIVE CATTLE: | $0.50 Higher |
| DOW JONES: | 320 Points Higher |
| NASDAQ: | 19 Points Higher |
| CRUDE OIL: | $0.88 Lower |
MIDDAY MARKET UPDATE:
Both block and barrel cheese prices remained unchanged at $1.88 and $1.86, respectively, with the only trading activity being one load traded in blocks. There was one unfilled bid and two uncovered offers remaining at the close. There had not been any sellers of barrels showing up in the spot market for the past few days. The dry whey price increased 2.75 cents, closing at 61.25 cents with three loads traded. This is the highest price since Feb. 4. Class III futures are 3 to 28 cents lower. The butter price decreased by 2.50 cents to close at $2.28 with 14 loads traded. There were 14 unfilled bids and 10 uncovered offers remaining at the close. Buyers continue to hold back, and sellers want to move supplies. Grade A nonfat dry milk increased 1.50 cents to close at $1.2650 with seven loads traded. Class IV futures are 5 to 11 cents lower. Butter futures are 0.25 to 1.50 cents lower. Dry whey futures are 0.25 to 2.07 cents higher. Cheese futures are 0.10 to 4.30 cents lower.
