OUTSIDE MARKETS SUMMARY:
| CORN: | 19 Lower |
| SOYBEANS: | 3 Higher |
| SOYBEAN MEAL: | $4.80 Higher |
| LIVE CATTLE: | $0.02 Higher |
| DOW JONES: | 305 Points Lower |
| NASDAQ: | 373 Points Lower |
| CRUDE OIL: | $0.89 Lower |
MIDDAY MARKET UPDATE:
Block cheese price declined 4 cents, closing at $2.34 with no loads traded. There were two uncovered offers remaining at the close. Barrel cheese price declined 1.75 cents, closing at $2.33 with four loads traded. There was one unfilled bid and three uncovered offers remaining at the close. Dry whey price increased a penny, closing at 49.50 cents with no loads traded. Class III futures are lower with contracts unchanged to down 40 cents with July showing the greatest pressure. Futures were lower prior to spot trading, moving little after the trading session. Butter price increased 2 cents, closing at $2.8850 with eight loads traded. Grade A nonfat dry milk price increased 1.50 cents, closing at $1.82 with two loads traded. Class IV futures are 18 cents lower to 35 cents higher. Butter futures are 0.75 cent lower to 2.15 cent higher. Dry whey futures are steady to 0.75 cent lower.
