OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Lower |
| SOYBEANS: | 15 Lower |
| SOYBEAN MEAL: | $4.90 Lower |
| LIVE CATTLE: | $0.22 Lower |
| DOW JONES: | 733 Points Lower |
| NASDAQ: | 367 Points Lower |
| CRUDE OIL: | $0.91 Lower |
MIDDAY MARKET UPDATE:
Block cheese price increased 4.50 cents, closing at $2.0725 with no loads traded and no sellers showing up during spot trading. Barrel cheese price increased 6 cents, closing at $1.76 with two loads traded. There were two uncovered offers remaining at the close. Dry whey price gained 2 cents, ending at 38.50 cents with no loads traded. Class III futures are higher in January through April and lower in the rest of the contracts. Prices range from 14 cents lower to 44 cents higher. Butter price remained unchanged at $2.4750 with no loads traded. Only a seller showed up with an offer at steady money and no willing takers. Grade A nonfat dry milk price declined 0.50 cent, closing at $1.33 with one load traded. Class IV futures are 4 cents lower. Butter futures are 2.35 cents lower to 2.25 cents higher. Dry whey futures are unchanged to 1.22 cents higher. USDA will release the November Cold Storage report this afternoon.
