OUTSIDE MARKETS SUMMARY:
| CORN: | 4 Higher |
| SOYBEANS: | 5 Lower |
| SOYBEAN MEAL: | $2.30 Higher |
| LIVE CATTLE: | $0.425 Lower |
| DOW JONES: | 1500 Higher |
| NASDAQ: | 515 Higher |
| CRUDE OIL: | $7.81 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased by 1 cent to close at $1.5875 with five loads traded. The barrel cheese price was unchanged at $1.7250 with no loads traded. Dry Whey increased 1 cent to close at 85.0 cents with no loads traded. Class III futures are mixed, trading 7 cents lower to 12 cents higher. The butter price decreased by 1.75 cents, closing at $1.28 with no loads traded. There were four bids and four offers remaining at the close. Grade A nonfat dry milk increased 2.75 cents to close at $2.1875 with two loads traded. Class IV futures are trading 22 cents lower on the January contract. Butter futures are 1.5 to 2 cents lower. Dry whey futures are 1 cent lower to 1 cent higher. Cheese futures are 0.1 cent lower to 1.2 cents higher. Nonfat dry milk futures are 0.5 cents lower to 1 cent higher.
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