OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Higher |
| SOYBEANS: | 7 Higher |
| SOYBEAN MEAL: | $4.20 Higher |
| LIVE CATTLE: | $1.07 Higher |
| DOW JONES: | 22 Points Higher |
| NASDAQ: | 34 Points Higher |
| CRUDE OIL: | $0.41 Higher |
MIDDAY MARKET UPDATE:
The block cheese price declined 2.25 cents, closing at $1.3825 with nine loads traded. The price initially declined to $1.3750, but rebounded on buying interest. The barrel cheese price declined 5.50 cents, closing at $1.41 with two loads traded. It has been rare to see trading activity in spot barrels. The activity today resulted in three loads of barrels being traded over the past two months. The dry whey price increased a penny to close at 75.00 cents with one load traded. Class III futures are 1-29 cents lower. The butter price declined 7.00 cents, closing at $1.5250 with three loads traded. There were four unfilled bids and 12 uncovered offers remaining at the close of spot trading. Grade A nonfat dry milk gained 2.00 cents to close at $1.38 with one load traded. Class IV futures are 15 cents lower to 4 cents higher. Butter futures are 7.00-9.07 cents lower. Dry whey futures are 1.00-1.27 cents higher. Cheese futures are 0.10-4.00 cents lower.
