OUTSIDE MARKETS SUMMARY:
| CORN: | 7 Higher |
| SOYBEANS: | 20 Higher |
| SOYBEAN MEAL: | $16.00 Higher |
| LIVE CATTLE: | $0.47 Higher |
| DOW JONES: | 184 Points Lower |
| NASDAQ: | 79 Points Lower |
| CRUDE OIL: | $1.45 Lower |
MIDDAY MARKET UPDATE:
Both block and barrel cheese prices remained unchanged at $2.1550 and $1.8550, respectively. There were no loads traded with only an offer for a load of barrels posted at the steady price. Dry whey price increased 0.50 cent, closing at 44 cents with no loads traded. Butter price remained unchanged at $2.38 with no loads traded. No buyers or sellers showed up to do any business. Steady cash prices were not supportive to the market with traders remaining bearish viewing steady prices as the inability of prices to move higher rather than it being support. It is not being viewed as friendly with Class III futures unchanged to 31 cents lower. Class IV futures are mixed, ranging from 18 cents lower to 5 cents higher. Butter futures are 0.50 to 1.77 cents lower. Dry whey futures are steady to 0.30 cent lower.
