OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Higher |
| SOYBEANS: | 17 Higher |
| SOYBEAN MEAL: | $1.90 Lower |
| LIVE CATTLE: | $0.92 Lower |
| DOW JONES: | 352 Points Higher |
| NASDAQ: | 209 Points Higher |
| CRUDE OIL: | $1.94 Lower |
MIDDAY MARKET UPDATE:
The block cheese price declined 1.50 cents to close at $1.6400 with four loads traded. The barrel cheese price remained unchanged at $1.5725 with no loads traded. The dry whey price gained 2.00 cents, closing at 68.00 cents with no loads traded. Class III futures are 7 cents lower to 45 cents higher. The butter price increased 0.25 cent to close at $1.8175 with 45 loads traded. The price initially increased to $1.8350, but the volume of loads offered put some pressure on the market. There were 18 unfilled bids and seven uncovered offers remaining at the close. Grade A nonfat dry milk increased 1.25 cents to close at $1.9225 with 11 loads traded. Buyers continue to remain aggressive. This is the highest price since April 1, 2014. Class IV futures are 25-50 cents higher. Butter futures are 3.50-7.30 cents higher. Dry whey futures are 1.70-2.07 cents higher. Cheese futures are 0.30 cent lower to 3.30 cents higher.
