OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Higher |
| SOYBEANS: | 2 Higher |
| SOYBEAN MEAL: | $2.27 Higher |
| LIVE CATTLE: | $0.90 Higher |
| DOW JONES: | 8 Points Higher |
| NASDAQ: | 169 Points Lower |
| CRUDE OIL: | $5.11 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 1.75 cents, closing at $1.8675 with three loads traded. The barrel cheese price remained unchanged at $1.81 for the second day, with one load traded. There were only two unfilled bids for loads of blocks remaining at the close of spot trading. Buyers are interested in buying, but not aggressively. The dry whey price decreased 2.25 cents, closing at 56.75 cents with seven loads traded. Class III futures are 1 to 20 cents lower. The butter price decreased by 3.00 cents, closing at $2.29 with five loads traded. One unfilled bid remained at the close of spot trading with 13 uncovered offers. Grade A nonfat dry milk decreased 0.75 cent to close at $1.2575 with five loads traded. Class IV futures are 16 to 17 cents lower. Butter futures are 3.12 cents lower to 0.07 cent higher. Dry whey futures are 1.00 cents lower to 0.27 cent higher.
