OUTSIDE MARKETS SUMMARY:
| CORN: | 10 Lower |
| SOYBEANS: | 11 Lower |
| SOYBEAN MEAL: | $4.20 Lower |
| LIVE CATTLE: | $1.30 Lower |
| DOW JONES: | 303 Points higher |
| NASDAQ: | 36 Points Higher |
| CRUDE OIL: | $2.09 Lower |
MIDDAY MARKET UPDATE:
The block cheese price declined 1.25 cents to close at $1.4750 with 4 loads traded. The barrel cheese price remained unchanged at $1.44 with no loads traded. The dry whey price gained 1.00 cents to close at 70.00 cents with 3 loads traded. Class III futures are under pressure, with contracts steady to 16 cents lower. The butter price gained 3.25 cents to close at $1.6675 with 24 loads traded. There were 20 unfilled bids and 27 uncovered offers remaining at the close of spot trading. The price initially increased to $1.7050 but was unable to hold that level due to increased selling pressure at the higher prices. Grade A nonfat dry milk increased 0.50 cent to close at $2.09 with one load traded. Class IV futures are 6 cents lower to 40 cents higher. Butter futures are 1.60 -- 4.75 cents higher. Dry whey futures are 0.50 cent lower to 0.30 cent higher. Cheese futures are 1.30 cents lower to 0.20 cent higher. The April Agricultural Prices report will be released today.
