OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Lower |
| SOYBEANS: | 14 Lower |
| SOYBEAN MEAL: | $4.60 Higher |
| LIVE CATTLE: | $2.65 Lower |
| DOW JONES: | 190 Points Higher |
| NASDAQ: | 315 Points Higher |
| CRUDE OIL: | $1.97 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 6.00 cents to close at $1.5650 with 8 loads traded. The barrel cheese price increased 3.00 cents to close at $1.5500 with 3 loads traded. The dry whey price increased 1.25 cents to close at 68.50 cents with no loads traded. This provided a boost to Class III futures with contracts ranging from 5-66 cents higher. The butter price remained unchanged at $1.6500 with 2 loads traded. Grade A nonfat dry milk increased 5.00 cents with 35 loads traded. Buyers came out of the woodwork. There were 16 unfilled bids and 7 uncovered offers remaining at the close. Class IV futures are 12-31 cents higher. Butter futures are 1.50 cents lower to 1.25 cents higher. Dry whey futures are 0.25 -- 0.50 cent higher. Cheese futures are 0.20 -- 5.60 cents higher. Nonfat dry milk futures are 1.75 -- 4.30 cents higher.
