OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Higher |
| SOYBEANS: | Unchanged |
| SOYBEAN MEAL: | $0.80 Lower |
| LIVE CATTLE: | $1.40 Higher |
| DOW JONES: | 137 Points Lower |
| NASDAQ: | 153 Points Higher |
| CRUDE OIL: | $0.86 Higher |
MIDDAY MARKET UPDATE:
The block cheese price declined 4.00 cents, closing at $1.75 with seven loads traded. The barrel cheese price remained steady at $1.77 with no loads traded. The dry whey price remained unchanged at 63.00 cents with no trades. Class III futures are holding well, considering the weakness of blocks. Contracts are mixed, ranging from 16 cents lower to 8 cents higher. The butter price fell 5.50 cents, closing at $1.6950 with six loads traded. This eliminated the gains of last week and then some. The price initially declined to $1.68 before bouncing on buying interest at the lower price. Grade A nonfat dry milk remained unchanged at $1.16 with three loads traded. Class IV milk futures have not yet been traded with wide bids and offers. Butter futures are 1.52 to 7.77 cents lower. Dry whey futures have only traded in the May contract at 1.50 cents higher. Cheese futures are 1.10 cents lower to 0.50 cent higher.
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