OUTSIDE MARKETS SUMMARY:
| CORN: | Unchanged |
| SOYBEANS: | 12 Lower |
| SOYBEAN MEAL: | $0.60 Higher |
| LIVE CATTLE: | $1.22 Lower |
| DOW JONES: | 10 Points Higher |
| NASDAQ: | 148 Points Higher |
| CRUDE OIL: | $2.48 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 0.50 cent to close at $1.5825 with no loads traded. The barrel price remained unchanged at $1.5750 with no loads traded. The dry whey price increased 0.50 cent to close at 71.00 cents with one load traded. Class III futures are mixed 4 cents lower to 6 cents higher. The butter price slipped 0.25 cent to close at $1.7450 with nine loads traded. The Grade A nonfat dry milk price increased 1.75 cents to close at $2.1325 with five loads traded. Class IV futures are 14-31 cents lower with traders focusing on the weakness of butter. Butter futures are 0.75-1.62 cents lower. Dry whey futures are 0.17 cent lower to 1.55 cents higher. Cheese futures are 0.50 cent lower to 0.40 cent higher.
