OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Higher |
| SOYBEANS: | 18 Higher |
| SOYBEAN MEAL: | $2.20 Higher |
| LIVE CATTLE: | $0.62 Lower |
| DOW JONES: | 9 Points Higher |
| NASDAQ: | 380 Points Higher |
| CRUDE OIL: | $0.81 Higher |
MIDDAY MARKET UPDATE:
The block cheese price declined 0.75 cent to close at $1.6225 with two loads traded. The barrel cheese prices remained unchanged at $1.60 with no loads traded. The dry whey price increased 0.50 cent to close at 70.00 cents with two loads traded. Class III futures are 11 cents lower to 6 cents higher. The butter price gained 3.50 cents to close at $1.6650 with twenty-two loads traded. The price fluctuated from a low of $1.63 to a high of $1.67 before settling 0.50 cent off the high. There were 6 unfilled bids and 17 uncovered offers remaining at the close. Apparently, the sellers see no need to be aggressive but may wait to see if buyers will come up to their offers. Grade A nonfat dry milk declined 0.50 cent to close at $2.2900 with one load traded. Class IV futures from 21 cents lower to 15 cents higher. Butter futures 0.77 -- 6.50 cents higher. Dry whey futures are steady to 1.00 cent higher. Cheese futures are 1.70 cents lower to 0.10 cent higher.
