OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Lower |
| SOYBEANS: | Unchanged |
| SOYBEAN MEAL: | $4.40 Lower |
| LIVE CATTLE: | $0.22 Higher |
| DOW JONES: | 37 Points Lower |
| NASDAQ: | 89 Points Lower |
| CRUDE OIL: | $1.11 Higher |
MIDDAY MARKET UPDATE:
Block cheese price continued lower, declining 3.50 cents, closing at $2.09 with no loads traded. There was an uncovered offer remaining at the close with no buyers showing up to the market. Barrel cheese declined 1.75 cents, closing at $1.80 with two loads traded. There were three unfilled bids remaining at the close. Dry whey price increased a penny to 45 cents with one load traded. Class III futures are 39 cents lower to 6 cents higher. May showed the gain with three contracts traded. Butter price remained unchanged at $2.93 after initially trading 0.50 cent higher. There were two loads traded. Grade A nonfat dry milk price slipped 0.25 cent, closing at $1.3875 with no loads traded. Class IV futures have not yet traded with wide bids and offers posted. Butter futures are 0.25 lower to 3.25 cents higher. Dry futures are steady to 0.50 cent higher. November futures and options have ceased trading with the Federal Order prices to be announced Wednesday.
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