OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Higher |
| SOYBEANS: | 8 Higher |
| SOYBEAN MEAL: | $1.90 Higher |
| LIVE CATTLE: | $1.15 Higher |
| DOW JONES: | 108 Points Higher |
| NASDAQ: | 170 Points Higher |
| CRUDE OIL: | $3.40 Higher |
MIDDAY MARKET UPDATE:
The block cheese price declined 1.50 cents, closing at $1.7250 with five loads traded. The barrel cheese price remained unchanged at $1.7550 with no loads traded. The dry whey price increased 2.00 cents, closing at 69.00 cents with one load traded. The increase in dry whey offset the decrease in blocks, resulting in Class III futures trading mostly higher. Contracts are 7 cents lower to 14 cents higher. The October contract shows the most pressure due to traders adjusting to the weekly AMS prices. The butter price increased 1.75 cents, closing at $1.5625 with 27 loads traded. There were 13 unfilled bids and two uncovered offers remaining at the close. Grade A nonfat dry milk increased 0.50 cent to close at $1.1250 with nine loads traded. Class IV futures have only traded in the March contract posting a gain of 5 cents. Butter futures are 0.35 cent lower to 3.05 cents higher. Dry whey futures are 0.50 to 4.00 cents higher. Cheese futures are 1.60 cents lower to 1.40 cents higher
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