OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Higher |
| SOYBEANS: | 4 Higher |
| SOYBEAN MEAL: | $2.40 Higher |
| LIVE CATTLE: | $2.25 Higher |
| DOW JONES: | 189 Points Lower |
| NASDAQ: | 25 Points Lower |
| CRUDE OIL: | $1.58 Higher |
MIDDAY MARKET UPDATE:
Both the block and barrel cheese prices remained unchanged at $1.6725 and $1.5925, respectively. No loads were traded in either category. There was only one unfilled bid for a load of blocks with no uncovered offers in either category. The dry whey price increased 0.25 cent to close at 69.00 cents. Class III futures are 27 cents lower to 3 cents higher with only the December contract showing a gain. The butter price declined 3.75 cents, closing at $1.7525 with 20 loads changing hands. This moved the price back to the level it was last Wednesday. Grade A nonfat dry milk declined a penny to close at $1.9625 with no loads traded. Class IV futures are 11 cents lower in both the May and June contracts and are the only contracts that have been traded. Butter futures are 0.05-4.02 cents lower. Dry whey futures are 1.02 cents lower to 0.22 cent higher. Cheese futures are 2.22 cents lower to 0.10 higher.
