OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Higher |
| SOYBEANS: | 6 Higher |
| SOYBEAN MEAL: | $6.20 Higher |
| LIVE CATTLE: | $1.00 Lower |
| DOW JONES: | 326 Points Higher |
| NASDAQ: | 183 Points Higher |
| CRUDE OIL: | $1.10 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 2.25 cents, closing at $1.8225 with nine loads traded. The barrel cheese price increased 2.50 cents, closing at $1.82 with one load traded. There were no unfilled bids remaining in either category. The dry whey price increased a penny, closing at 70.00 cents with one load traded. Class III futures are 30 cents lower to 2 cents higher, with the only gain being in the October contract. The butter price fell 3.75 cents with four loads traded. There were two unfilled bids and eight uncovered offers remaining at the close of spot trading. Grade A nonfat dry milk increased 1.25 cents to close at $1.1825 with three loads traded. Class IV futures are 2 to 25 cents lower. Butter futures are 0.02 to 4.82 cents lower. Dry whey futures are 0.70 cent lower to 0.32 cent higher. Cheese futures are 2.40 cents lower to 0.10 cent higher.
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