OUTSIDE MARKETS SUMMARY:
| CORN: | 4 Higher |
| SOYBEANS: | 3 Lower |
| SOYBEAN MEAL: | $0.20 Lower |
| LIVE CATTLE: | $3.05 Higher |
| DOW JONES: | 38 Points Higher |
| NASDAQ: | 273 Points Lower |
| CRUDE OIL: | $3.66 Higher |
MIDDAY MARKET UPDATE:
Both block and barrel cheese prices remained unchanged at $1.6525 and $1.6150, respectively. There were no loads traded in either category. The dry whey price increased 0.50 cent to close at 70.75 cents with one load traded. Class III futures were higher earlier but are currently trading 8-25 cents lower. The butter price increased 0.75 cent, closing at $1.6950 with 10 loads traded. The price initially declined to $1.6775 before buyers turned more aggressive, pushing the price into positive territory. Grade A nonfat dry milk increased 0.50 cent to $2.2650 and is a new record high price. There were two loads traded. Class IV futures are 32 cents lower to 5 cents higher. Butter futures are 1.85 cents lower to 1.35 cents higher. Dry whey futures are 0.35-0.52 cent higher. Cheese futures are 0.70-2.20 cents lower. The April futures and options have ceased trading, with May taking over as the lead month.
