OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Lower |
| SOYBEANS: | 2 Lower |
| SOYBEAN MEAL: | $0.70 Lower |
| LIVE CATTLE: | $2.22 Higher |
| DOW JONES: | 313 Points Higher |
| NASDAQ: | 265 Points Higher |
| CRUDE OIL: | $0.65 Higher |
MIDDAY MARKET UPDATE:
The block cheese price declined 0.75 cent, closing at $1.36 with four loads traded. The barrel cheese price increased 2 cents, closing at $1.42 with no loads traded. The price increased as a buyer became more aggressive. There was an offer above the market, with no interest in reducing the offer to accomplish business. The dry whey price remained unchanged at 70.50 cents with no loads traded. Class III futures are 2 cents lower to 4 cents higher. The butter price declined 2.50 cents, closing at $1.4150 with 29 loads traded. There were 18 unfilled bids and eight uncovered offers remaining at the close of spot trading. This is a new low for the year. Grade A nonfat dry milk increased 0.25 cent to close at $1.1575 with no loads traded. Class IV futures are 2 to 6 cents lower. Butter futures are steady to 3.52 cents lower. Dry whey futures are 0.75 to 1.75 cents lower. Cheese futures are 0.30 cent lower to 1.10 cents higher.
