| CORN: | 1 Lower |
| SOYBEANS: | 12 Lower |
| SOYBEAN MEAL: | Unchanged |
| LIVE CATTLE: | $0.92 Higher |
| DOW JONES: | 136 Points Higher |
| NASDAQ: | 95 Points Higher |
| CRUDE OIL: | $0.77 Lower |
MIDDAY MARKET UPDATE:
The block cheese price declined 3.25 cents,
closing at $1.65 with no loads traded. The barrel cheese price remained
unchanged at $.1.64 with no loads traded. No buyers showed up to do any
business. The dry whey price increased a penny, closing at 64.00 cents
with one load traded. Class III futures posted nice gains ahead of spot
trading, but quickly turned lower with the weakness of blocks. Futures
are 34 cents lower to 1 cent higher. The butter price declined 5.50
cents, closing at $1.75 with 12 loads traded. There is basically no hope
for the butter price through the rest of the year, with it being unable
to show strength at this time. Grade A nonfat dry milk gained 0.25 cent
closing at $1.1425 with five loads traded. Class IV futures are 43
cents lower to 20 cents higher. Butter futures are 0.97 to 6.90 cents
lower. Dry whey futures are 1.02 to 2.75 cents higher. Cheese futures
are 0.10 to 4.20 cents lower. 
