OUTSIDE MARKETS SUMMARY:
| CORN: | 16 Higher |
| SOYBEANS: | 55 Higher |
| SOYBEAN MEAL: | $9.10 Higher |
| LIVE CATTLE: | $0.17 Higher |
| DOW JONES: | 2 Points Higher |
| NASDAQ: | 258 Points Lower |
| CRUDE OIL: | $0.25 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 1.50 cents to close at $1.4475 with one load traded. The barrel cheese price increased 1.00 cent to close at $1.4850 with no loads traded. The dry whey price decreased 1.00 cent to close at 67.50 cents with no loads traded. The weakness of dry whey offset the strength of blocks, leaving Class III futures 1 cent lower to 6 cents higher. The butter price increased 1.25 cents to close at $1.6500 with 4 loads traded. Grade A nonfat dry milk slipped 0.50 cent to close at $1.50 with 12 loads traded. Class IV futures have only traded in the August contract at 20 cents higher. Butter futures are 0.47 cent lower to 1.02 cents higher. Dry whey futures are 0.05 -- 0.20 cent lower. Cheese futures are 0.20 cent lower to 1.30 cents higher. Nonfat dry milk futures are steady to 4.00 cents higher.
