OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Higher |
| SOYBEANS: | 2 Higher |
| SOYBEAN MEAL: | $2.00 Higher |
| LIVE CATTLE: | $3.80 Higher |
| DOW JONES: | 619 Points Higher |
| NASDAQ: | 102 Points Lower |
| CRUDE OIL: | $1.04 Lower |
MIDDAY MARKET UPDATE:
The block cheese price moved to a new low for the year, with the 0.25-cent decline in the price closing at $1.3450 with one load traded. The barrel cheese price remained unchanged at $1.4125 with no loads traded. The dry whey price remained unchanged at 76.00 cents with no loads traded. Unfortunately, Class III futures are unchanged to 14 cents lower. The butter price increased 0.25 cent to close at $1.48 with no loads traded. Grade A nonfat dry milk decreased 0.50 cent, closing at $1.1650 with no loads traded. Nonfat dry milk continues to trade within a tight range. Class IV futures are 2 cents higher with only the March and June contracts traded. Butter futures are 0.50 cent lower to 0.50 cent higher. Dry whey futures are unchanged to 0.75 cent lower. Cheese futures are 1.00 cents lower to 0.20 cent higher.
