Friday Midday Dairy Market Summary - Milk Futures Show Light Trading Activity

OUTSIDE MARKETS SUMMARY:

CORN:	1 Lower
SOYBEANS:	8 Higher
SOYBEAN MEAL:	$3.20 Higher
LIVE CATTLE:	$2.17 Higher
DOW JONES:	202 Points Lower
NASDAQ:	280 Points Lower
CRUDE OIL:	$0.33 Higher

MIDDAY MARKET UPDATE:

Both block and barrel cheese prices remained unchanged at $1.66 and $1.70 respectively. No trades took place in the spot market. There was an unfilled bid and an uncovered offer remaining at the close in blocks with no buying or selling interest shown for barrels. The dry whey price remained unchanged at 71.00 cents with no loads traded. Class III futures are 7 cents lower to 10 cents higher. The butter price increased 0.25 cent, closing at $1.4750 with one load traded. Grade A nonfat dry milk increased 0.75 cent, closing at $1.1450 with five loads traded. Class IV futures have not yet been traded. Butter futures are 3.25 cents lower to 1.15 cents higher. Dry whey futures are 0.37 to 2.00 cents higher. Cheese futures are 0.40 cent lower to 0.50 cent higher.