OUTSIDE MARKETS SUMMARY:
| CORN: | 0.50 Higher |
| SOYBEANS: | 2 Lower |
| SOYBEAN MEAL: | $6.10 Higher |
| LIVE CATTLE: | $0.35 Higher |
| DOW JONES: | 164 Points Lower |
| NASDAQ: | 162 Points Lower |
| CRUDE OIL: | $2.09 Lower |
MIDDAY MARKET UPDATE:
Cheese blocks continued their decline, moving 1 penny lower to $1.8650 with two loads traded. Barrels increased 3 cents, closing at $1.6300 with seven loads traded. Class III futures were 2 cents lower to 2 cents higher, while Class IV futures were 8 to 10 cents higher. Butter price moved 1.50 cents higher to $2.3750 with 15 loads traded. Futures for butter were 1.5 to 5 cents higher. Grade A nonfat dry milk increased 3.50 cents to $1.2450 with eight loads traded. Dry whey price moved 1.50 cents higher, closing at $0.4150 with no loads traded. Futures for dry where were 3 cents higher.
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