OUTSIDE MARKETS SUMMARY:
| CORN: | 0.50 Higher |
| SOYBEANS: | 13.50 Lower |
| SOYBEAN MEAL: | $9.00 Lower |
| LIVE CATTLE: | $0.48 Higher |
| DOW JONES: | 24 Points Lower |
| NASDAQ: | 93 Points Lower |
| CRUDE OIL: | $0.49 Higher |
MIDDAY MARKET UPDATE:
Cheese prices declined, with barrels moving 3 cents lower to $1.6000 with seven loads traded and blocks moving 1.50 cents lower to $1.8500 with three loads traded. Class III futures resulted in being 9 cents to 25 cents lower. Butter price was up half a penny to close at $2.3800 with seven loads traded. Butter futures were 95 cents to 1.73 cents higher. Dry whey futures were 8 cents lower to 1.20 cents higher. Dry whey spot price was unchanged at $0.4150 with no loads traded. Nonfat dry milk closed at $1.2500, increasing 0.50 cent with four loads traded. Class IV futures were up 10 cents.
