OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Higher |
| SOYBEANS: | 14 Higher |
| SOYBEAN MEAL: | $9.00 Higher |
| LIVE CATTLE: | $2.67 Higher |
| DOW JONES: | 97 Points Lower |
| NASDAQ: | 39 Points Higher |
| CRUDE OIL: | $2.10 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 0.75 cent, closing at $1.6525 with one load traded. The barrel cheese price remained unchanged at $1.6150. The dry whey price increased 0.50 cent, closing at 70.25 with no loads traded. Class III futures are 1-36 cents higher, with the July contract moving above $19.00. The butter price decreased 1.75 cents to close at $1.6875 with 18 loads traded. The price initially declined to $1.6800 before buyer interest brought it up from the low. Grade A nonfat dry milk remained unchanged at $2.26 with no loads traded. Class IV futures are 5-31 cents higher. Butter futures are 1.35-4.57 cents lower. Dry whey futures are 0.87-2.00 cents higher. Cheese futures are 0.20 cent lower to 2.30 cents higher.
