OUTSIDE MARKETS SUMMARY:
| CORN: | 8 Lower |
| SOYBEANS: | 12 Lower |
| SOYBEAN MEAL: | $2.20 Higher |
| LIVE CATTLE: | $1.05 Higher |
| DOW JONES: | 248 Points Higher |
| NASDAQ: | 218 Points Higher |
| CRUDE OIL: | $4.20 Lower |
MIDDAY MARKET UPDATE:
The block cheese price declined 0.25 cent to close at $1.63 with sixteen loads traded. There were no unfilled bids or uncovered offers remaining at the close. The barrel cheese price remained unchanged at $1.6150 with no loads traded. The Dry whey price remained unchanged at 69.50 cents with no loads traded. Class III futures are 1 cent lower to 11 cents higher. The butter price rebounded to recover the losses on Monday and then some, with the price increasing 5.50 cents to close at $1.61 with ten loads traded. There were no unfilled bids or uncovered offers remaining at the close. Grade A nonfat dry milk gained 2.00 cents to close at $2.2825 with six loads traded. This sets a new record high for nonfat dry milk. Class IV futures are 12-53 cents higher. Butter futures are 0.27 cent lower to 4.37 cents higher as traders are cautious over the price rebound. Dry whey futures are 0.42 cent lower to 0.80 cent higher. Cheese futures are 0.60 cent lower to 0.70 cent higher.
