OUTSIDE MARKETS SUMMARY:
| CORN: | 3.50 Lower |
| SOYBEANS: | 2 Lower |
| SOYBEAN MEAL: | $6.00 Lower |
| LIVE CATTLE: | $0.12 Lower |
| DOW JONES: | 194 Points Lower |
| NASDAQ: | 21 Points Lower |
| CRUDE OIL: | $0.72 Higher |
MIDDAY MARKET UPDATE:
Spot cheese continued its downward trend. Blocks closed at $1.8350, moving 1.50 cents lower with two loads traded. Barrels declined 1.50 cents to $1.5850 with five loads traded. Class III futures were 4 to 5 cents lower. Butter price closed at $2.3950, increasing 1.50 cents with no loads traded. Grade A nonfat dry milk moved 1.50 cents lower to $1.2350 with four loads traded. Class IV futures were unchanged to 24 cents lower. Dry whey increased 1.50 cents to close at $0.4300 with one load traded. Nonfat dry milk futures were 0.15 to 1.95 cents lower.
