OUTSIDE MARKETS SUMMARY:
| CORN: | 8.25 Lower |
| SOYBEANS: | 17.75 Lower |
| SOYBEAN MEAL: | $6.00 Lower |
| LIVE CATTLE: | $0.65 Lower |
| DOW JONES: | 586 Points Lower |
| NASDAQ: | 220 Points Lower |
| CRUDE OIL: | $1.49 Lower |
MIDDAY MARKET UPDATE:
Block cheese was the only product seeing an increase, moving 3 cents to $2.3925 with two loads traded. Barrels were unchanged at $2.3700 with five loads traded. Butter slipped 2.25 cents to close at $2.6675 with four loads traded. Grade A nonfat dry milk fell 2.25 cents to $1.7550 with eight loads traded. Dry whey was down a half-cent, closing at $0.6350 with one load traded. Class III milk futures were 4 to 40 cents higher, not quite reaching $25. Class IV futures were 2 to 32 cents lower. Dry whey futures saw no movement, while butter futures were $1.35 to $2 lower. The Cold Storage report will be released this afternoon.
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