OUTSIDE MARKETS SUMMARY:
| CORN: | 8 lower |
| SOYBEANS: | 28 Lower |
| SOYBEAN MEAL: | $5.50 Lower |
| LIVE CATTLE: | $0.55 Lower |
| DOW JONES: | 625 Points Lower |
| NASDAQ: | 252 Points Lower |
| CRUDE OIL: | $4.78 Lower |
MIDDAY MARKET UPDATE:
Block cheese price declined 4 cents closing at $1.96 with one load traded. Barrels declined 0.50 cent ending at $2.1850 with three loads traded. Dry whey price increased a penny closing at 45 cents with one load traded. Traders did not like to see this weakness and quickly pressured futures. Contracts are unchanged to 57 cents lower. Overnight and earlier trade showed some strength as traders were friendly on the cold storage report, However, that was short-lived once spot trading took place. Butter price increased 0.25 cents closing at $3.1325 with one load traded. Class IV futures are mixed with contracts ranging from 41 cents lower to 15 cents higher. Butter futures are 0.50–4.00 cents lower. Dry whey futures are 1.00–1.50 cents lower.
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