OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Lower |
| SOYBEANS: | 4 Lower |
| SOYBEAN MEAL: | $0.50 Higher |
| LIVE CATTLE: | $2.82 Lower |
| DOW JONES: | 41 Points Lower |
| NASDAQ: | 271 Points Higher |
| CRUDE OIL: | $0.91 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 0.50 cent to close at $1.6050 with 8 loads traded. The barrel cheese price increased 4.00 cents to close at $1.6000 with 3 loads traded. The dry whey price increased 2.00 cents to close at 70.00 cent with 3 loads traded. Class III futures are 13 cents lower to 1 cent higher. Futures had the gains already factored in, which provided the opportunity for traders to take a short-term profit after 2 days of gains. The butter price remained unchanged at $1.6400 with no loads traded. Grade A nonfat dry milk decreased 2.50 cents to close at $1.5275 with 13 loads traded. Class IV futures are 8-21 cents lower. Butter futures are steady to 2.22 cents lower. Dry whey futures are 0.15 -- 0.50 cent higher. Cheese futures are 1.20 cents lower to 0.50 cent higher. Nonfat dry milk futures are 1.40 cents lower to 0.92 cent higher.
