OUTSIDE MARKETS SUMMARY:
CORN: | 9.75 Lower |
SOYBEANS: | 16.50 Lower |
SOYBEAN MEAL: | $4.50 Lower |
LIVE CATTLE: | $0.50 Higher |
DOW JONES: | 159 Points Lower |
NASDAQ: | 3 Points Lower |
CRUDE OIL: | $0.49 Higher |
MIDDAY MARKET UPDATE:
Cheese blocks were up 0.75 cents to $2.0300 with three loads traded. Barrels increased 2.75 cents with 10 loads traded. Class III futures supported cheese prices, moving 6 to 13 cents higher. Butter price increased 2.75 cents to close at $3.2675 with six loads traded. Nonfat dry milk was up 0.25 cents to $1.5400 with no loads traded. Dry whey price was unchanged at $0.4225 with no loads traded. Class IV futures were 16 to 24 cents higher. Dry whey futures were down 0.25 to 0.50 cents. Butter futures 2 to 3 cents higher. Nonfat dry milk futures was 0.75 cent lower to 1.9 cent higher.