OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Lower |
| SOYBEANS: | 10 Lower |
| SOYBEAN MEAL: | $2.60 Lower |
| LIVE CATTLE: | $1.22 Lower |
| DOW JONES: | 181 Points Higher |
| NASDAQ: | 445 Points Higher |
| CRUDE OIL: | $1.38 Lower |
MIDDAY MARKET UPDATE:
The block cheese price decreased 0.75 cent to close at $1.45 with 35 loads traded. There have been 63 loads traded during the week. The barrel cheese price increased 4.00 cents to close at $1.46 with no loads traded. Only a buyer showed up looking for a load to purchase. Raising the bid did not get the interest of a seller. The dry whey price increased 0.25 cent to close at 68.00 cents with one load traded. Class III futures are mixed, ranging from 13 cents lower to 5 cents higher. The butter price remained steady at $1.5550 with 20 loads traded. Grade A nonfat dry milk increased 0.50 cent to close at $1.64 with 2 loads traded. This is the first price increase after 11 consecutive days of declines. Class IV futures are 12--29 cents higher on short-covering rather than a change in trend. Butter futures are 1.05 cents lower to 1.22 cents higher. Dry whey futures are steady to 0.27 cent higher. Cheese futures are 0.90 cent lower to 0.80 cent higher. Nonfat dry milk futures are 0.77--2.25 cents higher.
