OUTSIDE MARKETS SUMMARY:
| CORN: | 6 Higher |
| SOYBEANS: | 9 Lower |
| SOYBEAN MEAL: | $6.40 Lower |
| LIVE CATTLE: | $0.25 Lower |
| DOW JONES: | 181 Points Lower |
| NASDAQ: | 190 Points Lower |
| CRUDE OIL: | $0.71 Lower |
MIDDAY MARKET UPDATE:
Block cheese price declined 3.75 cents, closing at $1.8075 with no loads traded. Buyers did not show up in the market again Friday. Barrel price declined 0.50 cent closing at $1.8125 with two loads traded. The block/barrel spread is again inverted but by only 0.50 cent. Dry whey price remained unchanged at 80 cents with no loads traded. Class III futures are 25 cents lower to 10 cents higher. February shows the greatest loss while October shows the greatest gain. Butter price increased 3.50 cents, closing at $2.9350 with 10 loads traded. Grade A nonfat dry milk price increased 0.50 cent closing at $1.8150 with three loads traded. Class IV futures are 25 cents lower to 44 cents higher. Butter futures are 2 cents lower to 9.47 cents higher. Dry whey futures are 0.50 cent lower to 1.50 cents higher.
