OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Higher |
| SOYBEANS: | 1 Higher |
| SOYBEAN MEAL: | $2.20 Lower |
| LIVE CATTLE: | $0.20 Lower |
| DOW JONES: | 97 Points Higher |
| NASDAQ: | 252 Points Higher |
| CRUDE OIL: | $0.66 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 2.00 cents to close at $1.5550 with four loads traded. The barrel cheese price remained unchanged at $1.5475 with no loads traded. Both categories had no unfilled bids or uncovered offers remaining at the close of spot trading. The dry whey price remained unchanged at 69.00 cents with no loads traded. Class III futures are mixed, ranging from 7 cents lower to 6 cents higher. The butter price decreased 3.75 cents to close at $1.5125 with 12 loads traded. The market took back more than half of Thursday's gains. The number of loads waiting to be sold does not diminish, with 64 uncovered offers remaining at the close of spot trading. Grade A nonfat dry milk increased 1.25 cents to close at $1.5775 with 12 loads traded. Class IV futures have not yet been traded. Butter futures are steady to 3.25 cents lower. Dry whey futures are steady to 0.25 cent lower. Cheese futures are 1.00 cent lower to 0.20 cent higher. Nonfat dry milk futures are 1.00 cent lower to 1.50 cents higher.
