OUTSIDE MARKETS SUMMARY:
| CORN: | 4 Lower |
| SOYBEANS: | 1 Higher |
| SOYBEAN MEAL: | $0.30 Higher |
| LIVE CATTLE: | $0.40 Lower |
| DOW JONES: | 373 Points Higher |
| NASDAQ: | 72 Points Higher |
| CRUDE OIL: | $0.67 Higher |
MIDDAY MARKET UPDATE:
The block cheese price declined 1.25 cents, closing at $1.6250 with three loads traded. The barrel cheese price declined 2.25 cents, closing at $1.6225 with no loads traded. The dry whey price remained unchanged at 64.75 cents with no loads traded. Class III futures are 1 cent lower to 21 cents higher, with November showing the greatest gain. The butter price jumped 8.00 cents, closing at $1.72 with 29 loads traded. Grade A nonfat dry milk gained 0.75 cent, closing at $1.1550. Class IV futures are 23 cents lower to 21 cents higher. Butter futures are 0.45 cent lower to 6.60 cents higher. The only loss is in the September contract, as it adjusts to the weekly AMS prices, and it will settle to those prices on Wednesday. Dry whey futures are unchanged to 0.75 cent higher. Cheese futures are 1.00 cents lower to 1.10 cents higher. USDA will release the August Cold Storage report this afternoon.
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