OUTSIDE MARKETS SUMMARY:
| CORN: | 0.50 Lower |
| SOYBEANS: | 12.25 Lower |
| SOYBEAN MEAL: | $2.50 Higher |
| LIVE CATTLE: | $0.55 Higher |
| DOW JONES: | 57 Points Lower |
| NASDAQ: | 69 Points Lower |
| CRUDE OIL: | $1.18 Higher |
MIDDAY MARKET UPDATE:
Cheese barrels slipped 0.50 cents to close at $2.2225 with no loads traded. Blocks increased 2.25 cents to $2.0225 with two loads traded. Class III milk futures were 14 cents lower to 14 cents higher. Butter jumped 3 cents to $3.2400 with nine loads traded. Prices haven't been this high since September 13. Nonfat dry milk remained at $1.5375 with three loads traded. Dry whey was unchanged, ending at $0.4225 with no loads traded. Class IV milk futures were unchanged to 5 cents higher. Butter futures were 3 to 4 cents higher. Dry whey futures were down 1 to 2 cents lower. Nonfat dry milk futures were unchanged at 1 cent down.
