OUTSIDE MARKETS SUMMARY:
| CORN: | 4 Lower |
| SOYBEANS: | 10 Higher |
| SOYBEAN MEAL: | $4.70 Higher |
| LIVE CATTLE: | $0.37 Lower |
| DOW JONES: | 74 Points Lower |
| NASDAQ: | 156 Points Lower |
| CRUDE OIL: | $0.38 Lower |
MIDDAY MARKET UPDATE:
Block cheese price remained unchanged at $1.73 with no loads traded. Barrel cheese price increased 1.50 cents, closing at $1.6775 with no loads traded. Dry whey price increased a penny to 83 cents with one load traded. Bids were placed for blocks but were placed below the market with buyers not very aggressive. Barrel buyers were more aggressive as they wanted to take advantage of the lower price to purchase product. Butter price remained unchanged at $2.49 with a low bid and a higher offer placed and no interest in coming together. The buyer thought price was still too high, placing their bid 7 cents lower while the seller thought price had fallen too far, placing an offer 20 cents above the market. Grade A nonfat dry milk price slipped 0.25 cent ending at $1.7750 with 3 loads traded. Class III futures are unchanged to 39 cents higher. Class IV futures are 33 cents lower to 20 cents higher. Butter futures are 2.00 cents lower to 1.47 cents higher. Dry whey futures are 0.25 to 1.55 cents higher.
