OUTSIDE MARKETS SUMMARY:
| CORN: | 8 Higher |
| SOYBEANS: | 30 Higher |
| SOYBEAN MEAL: | $4.50 Higher |
| LIVE CATTLE: | $6.35 Lower |
| DOW JONES: | 187 Points Higher |
| NASDAQ: | 376 Points Higher |
| CRUDE OIL: | $0.04 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 2.25 cents, closing at $1.80 with four loads traded. The barrel cheese price increased 2.50 cents, closing at $1.7950 with no loads traded. Barrels remain in a tight supply position with limited trading activity. The dry whey price remained unchanged at 69.00 cents with no loads traded. Class III futures are 3 cents lower to 15 cents higher. The only loss is in the October contract, with very limited trading activity. The butter price slipped 0.25 cent, closing at 41.60 with no loads traded. Grade A nonfat dry milk increased a penny to close at $1.17 with four loads traded. Class IV futures have not yet been traded. Butter futures are 1.50 cents lower to 0.27 cent higher. Dry whey futures are 0.07 cent lower to 1.15 cents higher. Cheese futures are 0.20 cent lower to 1.10 cents higher.
