OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Lower |
| SOYBEANS: | 2 Lower |
| SOYBEAN MEAL: | $2.00 Lower |
| LIVE CATTLE: | $2.35 Higher |
| DOW JONES: | 52 Points Lower |
| NASDAQ: | 14 Points Lower |
| CRUDE OIL: | $0.05 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 4.00 cents to close at $1.3850 with nine loads traded. Buying interest has improved this week. Traders remain cautious as the potential for limited upside is possible. Once the current buying interest is satisfied, the price could drift lower. The barrel cheese price remained unchanged at $1.40 with no loads traded. The dry whey price remained steady at 73.00 cents with no loads traded. Class III futures are 1-35 cents higher, with February posting the greatest gain. The butter price increased 0.25 cent, closing at $1.4050 with four loads traded. Grade A nonfat dry milk increased 0.50 cent to close at $1.1750 with no loads traded. Class IV futures are 11-20 cents higher. Butter futures are 0.27-4.20 cents higher. Dry whey futures have not yet been traded, which is very unusual. Cheese futures are 0.20 cent lower to 2.60 cents higher. Today is the last trading day for December futures and options, with January taking over as the front month. The December Federal Order prices will be announced on Wednesday.
