OUTSIDE MARKETS SUMMARY:
| CORN: | 7 Lower |
| SOYBEANS: | 12 Lower |
| SOYBEAN MEAL: | $5.10 Lower |
| LIVE CATTLE: | $0.80 Higher |
| DOW JONES: | 198 Points Lower |
| NASDAQ: | 340 Points Lower |
| CRUDE OIL: | $4.09 Lower |
MIDDAY MARKET UPDATE:
Cash cheese trading was slow to get going but eventually gained some traction. Block price increased 4.75 cents, closing at $2.31 with one load traded. Barrel cheese price increased 4 cents, closing at $2.30 with eight loads traded. Dry whey price gained 2.75 cents, closing at 61.75 cents with no loads traded. Butter price gained 0.75 cent, closing at $2.7475 with no loads traded. Grade A nonfat dry milk price declined 2.50 cents, closing at $1.8150 with six loads traded. Class III futures were lower into spot trading but quickly turned higher with contacts 4 to 37 cents higher. Class IV futures are unchanged. Butter futures are 3.00 cents lower to 1.50 cents higher. Dry whey futures are 1.97 cents lower to 2.95 cents higher.
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