OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Lower |
| SOYBEANS: | 7 Lower |
| SOYBEAN MEAL: | $6.65 Lower |
| LIVE CATTLE: | $1.825 Higher |
| DOW JONES: | 502 Points Higher |
| NASDAQ: | 59 Points Lower |
| CRUDE OIL: | $0.39 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 7 cents to close at $1.80 with 6 loads traded. The barrel cheese price increased by 8 cents to close at $1.7200 with no loads traded. The dry whey price set is unchanged at the all-time high price of 89.5 cents. There were no loads traded. Class III futures are 16 to 51 cents higher. The butter price closed 2.5 cents lower at $1.3600 with 1 load traded. A nonfat dry milk increased 1 cent to close at $2.210 with 5 loads traded. Class IV futures are 4 cents higher than the December contract. Butter futures are 0.5 lower to 0.5 cents higher. Dry whey futures are 0.25 cents lower to 0.75 cents higher. Cheese futures are 0.015 to 0.035 cents higher. Nonfat dry milk futures are 0.475 lower nearby to 1.925 cents higher in the deferred months.
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