OUTSIDE MARKETS SUMMARY:
| CORN: | 10 Lower |
| SOYBEANS: | 33 Lower |
| SOYBEAN MEAL: | $9.80 Lower |
| LIVE CATTLE: | $2.62 Higher |
| DOW JONES: | 811 Points Higher |
| NASDAQ: | 5 Points Higher |
| CRUDE OIL: | $3.63 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 1.25 cents, closing at $1.4800 with 9 loads traded. This was the first price increase in six days. The barrel cheese price remained unchanged at $1.44 with one load traded. The dry whey price decreased 0.50 cent to close at 67.00 cents with one load traded. Class III futures are 2 cents lower to 6 cents higher. The butter price decreased 3.00 cents to close at $1.68 with 22 loads traded. Sellers became more aggressive by taking advantage of the higher price to move supplies. Grade A nonfat dry milk decreased 3.50 cents to close at $2.11 with 8 loads traded. Class IV futures are 11-25 cents lower. Butter futures are 0.25 -- 3.45 cents higher. Dry whey futures are 0.50 cent lower to 0.50 cent higher. Cheese futures are 0.70 cent lower to 0.30 cent higher.
