OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Higher |
| SOYBEANS: | 5 Higher |
| SOYBEAN MEAL: | $0.70 Lower |
| LIVE CATTLE: | $0.60 Lower |
| DOW JONES: | 20 Points Higher |
| NASDAQ: | 291 Points Higher |
| CRUDE OIL: | $3.28 Lower |
MIDDAY MARKET UPDATE:
Both block and barrel cheese prices remained unchanged at $1.64 and $1.6150, respectively. There were four loads traded for blocks with no loads traded in barrels. The dry whey price remained unchanged at 69.75 with no loads traded. Class III futures are 7-16 cents lower. The butter price declined 3.00 cents $1.5950 with 21 loads traded. Grade A nonfat dry milk gained 1.25 cents to close at $2.2625 with 12 loads traded. This moved the price within 0.25 cent of the high. Class IV futures are 10-36 cents lower as traders focus on the weakness of butter. Butter futures are 1.00 cents lower to 0.30 cent higher. Dry whey futures are steady to 0.70 cent lower. Cheese futures are 1.30 cents lower to 0.30 cent higher. The income over feed price for March was $9.57 after the calculation was made when the soybean meal price was released.
