OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Lower |
| SOYBEANS: | 22 Lower |
| SOYBEAN MEAL: | $9.20 Lower |
| LIVE CATTLE: | $1.12 Higher |
| DOW JONES: | 335 Points Higher |
| NASDAQ: | 24 Points Higher |
| CRUDE OIL: | $0.55 Lower |
MIDDAY MARKET UPDATE:
Block cheese price increased 0.25 cent, closing at $2.06 with one load traded. Barrel cheese declined 3 cents, closing at $2.06. This is the first time in a long time that blocks and barrels were at the same price. This does not necessarily mean anything specifically for market direction. It indicates barrel demand may have slowed as much of the buying push for the upcoming holidays has been completed. This may trickle down across the whole complex as the month of October comes to a close. Butter price declined a penny, closing at $3.19 with no loads traded. Grade A nonfat dry milk price remained unchanged at $1.42 with no loads traded. Dry whey price was unchanged at 44 cents with no loads traded. Class III futures are 11 cents lower to 3 cents higher. Class IV futures are 4 cents lower to 18 cents higher. Butter futures are 1.27 to 5.02 cents higher. Dry whey futures are steady to 0.22 cent lower. USDA will release the September Cold Storage report Monday afternoon. A decrease of inventory is expected in all categories.
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