OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Lower |
| SOYBEANS: | 1 Higher |
| SOYBEAN MEAL: | $2.90 Lower |
| LIVE CATTLE: | $3.55 Higher |
| DOW JONES: | 157 Points Higher |
| NASDAQ: | 100 Points Higher |
| CRUDE OIL: | $0.47 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 6.25 cents, closing at $1.45 with six loads traded. The barrel cheese price increased a penny, closing at $1.45 with one load traded. Trading in barrels has been rare since the price was removed from the Federal Order class price calculation. The dry whey price increased 2.00 cents, closing at 74.00 cents with no loads traded. Class III futures turned higher after cheese and the dry whey prices increased, with contracts ranging from 4 cents lower to 19 cents higher, with only the July and November contracts posting losses. The butter price remained unchanged at $1.7050 with four loads traded. Grade A nonfat declined a penny to close at $1.59 with one load traded. Class IV futures are 11 cents lower to 12 cents higher. Butter futures are 2.12 cents lower to 2.27 cents higher. Dry whey futures are 0.17 cent lower to 0.75 cent higher. Cheese futures are 0.20 cent lower to 1.70 cents higher.
