OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Higher |
| SOYBEANS: | 9 Higher |
| SOYBEAN MEAL: | $0.40 Higher |
| LIVE CATTLE: | $1.12 Lower |
| DOW JONES: | 133 Points Lower |
| NASDAQ: | 82 Points Lower |
| CRUDE OIL: | $2.52 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 1.50 cents to close at $1.60 with 17 loads traded. The barrel cheese price remained unchanged at $1.5750 with no loads traded. The dry whey price remained unchanged at 70.00 cents with no loads traded. Class III futures are 14 cents lower to 23 cents higher. The butter price decreased 1.50 cents, closing at $1.72 with nine loads traded. Butter is having a difficult time finding consistent buyer support. Grade A nonfat dry milk increased 1.50 cents to close at 2.2150 with no loads traded. Buyers continue to look for product and need to bid up to obtain it. There were four unfilled bids and one uncovered offer at the close of spot trading. Sellers seem to have a limited supply and want higher prices to let it go. Class IV futures are 13 to 34 cents higher. Butter futures are 0.02 to 5.65 cents lower. Dry whey futures have not yet been traded. Cheese futures are 0.10 cent lower to 2.50 cents higher.
