OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Higher |
| SOYBEANS: | 16 Higher |
| SOYBEAN MEAL: | $1.30 Higher |
| LIVE CATTLE: | $2.75 Higher |
| DOW JONES: | 262 Points Lower |
| NASDAQ: | 178 Points Lower |
| CRUDE OIL: | $0.84 Higher |
MIDDAY MARKET UPDATE:
Block cheese price increased 1.25 cents closing at $1.9625 with no loads traded. Barrel cheese price remained unchanged at $1.8675 with no loads traded. There was an unfilled bid for a load of blocks and two uncovered offers at the close. An uncovered offer for a load of barrels remained at the close. Dry whey price remained unchanged at 32 cents with four loads traded. Class III futures are mixed but mostly higher. Contracts range from 8 cents lower to 22 cents higher. Butter price gained a penny closing at $2.72 with six loads traded. Grade A nonfat dry milk price increased 3.25 cents closing at $1.09 with one load traded. So far, trading activity in Class IV futures has been limited to January with a gain of 30 cents. Butter futures are 1.25–3.65 cents higher. Dry whey futures are 0.25–0.50 cent higher.
