OUTSIDE MARKETS SUMMARY:
| CORN: | 10 Lower |
| SOYBEANS: | 16 Lower |
| SOYBEAN MEAL: | $4.60 Lower |
| LIVE CATTLE: | $0.60 Lower |
| DOW JONES: | 38 Points Lower |
| NASDAQ: | 5 Points Lower |
| CRUDE OIL: | $1.25 Lower |
MIDDAY MARKET UPDATE:
Block cheese price declined 1.50 cents closing at $1.7450 with 10 loads traded. Barrel cheese prices increased 1.50 cents closing at $1.5450 with 22 loads traded. Even though prices are low, sellers are not holding back product in anticipation of higher prices. It is a buyer's market as they just wait for sellers to offer it to them, or they bid up slightly to find willing sellers. Dry whey price declined 2.75 cents closing at 35.50 with 8 loads traded. Class III futures are 8 cents lower to 10 cents higher on light trading activity. Butter price slipped 0.75 cent closing at $2.3950 with 4 loads traded. Grade A nonfat dry milk price closed at $1.16 with no loads traded. Class IV futures have not traded so far. Butter futures are 0.25 cent lower to 2.22 cents higher. Dry whey futures are 0.10-0.90 cent lower.
