OUTSIDE MARKETS SUMMARY:
| CORN: | 15 Higher |
| SOYBEANS: | 31 Lower |
| SOYBEAN MEAL: | $0.80 Higher |
| LIVE CATTLE: | $0.37 Lower |
| DOW JONES: | 236 Points Lower |
| NASDAQ: | 32 Points Lower |
| CRUDE OIL: | $1.24 Lower |
MIDDAY MARKET UPDATE:
Block cheese price remained unchanged at $1.9675 with no loads traded. Barrel cheese price declined 4.50 cents ending at $2.20 with one load traded. Dry whey price remained unchanged at 44 cents with no loads traded. The weakness of barrels put pressure on Class III milk futures with some contracts suffering double-digit losses. Futures remain in the sideways pattern near the low end of that range. Butter price remained unchanged at $3.1450 with no loads traded. Grade A nonfat dry milk price gained 2 cents closing at $1.57 with one load traded. Class IV futures are 2-15 cents lower. Butter futures are 0.17 cents lower to 1.47 cents higher. Dry whey futures are unchanged to 0.95 cent higher. USDA will release the August Agricultural Prices report this afternoon.
