OUTSIDE MARKETS SUMMARY:
| CORN: | 4 Lower |
| SOYBEANS: | 2 Lower |
| SOYBEAN MEAL: | $1.30 Higher |
| LIVE CATTLE: | $5.80 Lower |
| DOW JONES: | 541 Points Higher |
| NASDAQ: | 299 Points Higher |
| CRUDE OIL: | $0.06 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 5.25 cents, closing at $1.775 with seven loads traded. The barrel cheese price increased 1.50 cents to close at $1.77 with no loads traded. An unfilled bid and no offers were remaining at the close for blocks, and an unfilled bid and two uncovered offers for barrels. The dry whey price remained unchanged at 69.00 cents with no loads traded. Class III futures are steady to 44 cents higher. The butter price increased 4.00 cents, closing at $1.6025 with 15 loads traded. There were seven unfilled bids and two uncovered offers remaining at the close. Grade A nonfat dry milk increased 3.50 cents to close at $1.16 with 28 loads traded. The volume of loads for nonfat is unusual and indicates improving demand. Class IV futures are 16 to 37 cents higher. Butter futures are 2.52 to 7.50 cents higher, with December having the limit-up move. Dry whey futures are 0.55 to 4.50 cents higher. Cheese futures are 0.60 cent lower to 4.00 cents higher.
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