OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Lower |
| SOYBEANS: | 2 Higher |
| SOYBEAN MEAL: | $12.10 Lower |
| LIVE CATTLE: | $0.90 Higher |
| DOW JONES: | 535 Points Lower |
| NASDAQ: | 353 Points Lower |
| CRUDE OIL: | $0.34 Higher |
MIDDAY MARKET UPDATE:
Blocks saw further pressure with price declining 2 cents, closing at $1.9675 with one load traded and two offers remaining at the closing price. Barrel price increased 4.50 cents, closing at $2.2450 with five loads traded and an unfilled bid remaining at the close. Dry whey price slipped 0.50 cent to 44 cents with one load traded. Class III futures are 24 cents lower to 12 cents higher. Futures were higher as traders anticipated strength of cheese prices, but further weakness of blocks trimmed those gains. Butter price declined 2 cents, closing at $3.1450 with five loads traded. Grade A nonfat dry milk price declined 1.25 cents, closing at $1.55 with four loads traded. Class IV futures are unchanged to 21 cents lower. Butter futures are 0.02 to 2.00 cents lower. Dry whey futures are unchanged to 0.50 cent higher.
