OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Lower |
| SOYBEANS: | 4 Higher |
| SOYBEAN MEAL: | $7.40 Higher |
| LIVE CATTLE: | $0.25 Lower |
| DOW JONES: | 105 Points Higher |
| NASDAQ: | 228 Points Lower |
| CRUDE OIL: | $0.23 Higher |
MIDDAY MARKET UPDATE:
Both the block and barrel cheese prices remained unchanged at $1.8250 and $1.80, respectively. There were two unfilled bids and two uncovered offers for blocks remaining at the close. No buyers or sellers showed up to do any business today. The dry whey price remained unchanged at 70.00 cents with no loads traded. Class III futures are 18 cents lower to 3 cents higher, with the only gain being in the June contract. The butter price increased 1.75 cents, closing at $1.5725 with two loads traded. Grade A nonfat dry milk decreased 2.25 cents to close at $1.14 with no loads traded. Class IV futures are 4 to 10 cents lower. Butter futures are 0.50 to 2.90 lower. Dry whey futures are unchanged. Cheese futures are 1.30 lower to 0.70 higher.
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