OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Higher |
| SOYBEANS: | 1 Lower |
| SOYBEAN MEAL: | $4.80 Lower |
| LIVE CATTLE: | $0.20 Higher |
| DOW JONES: | 273 Points Lower |
| NASDAQ: | 77 Points Lower |
| CRUDE OIL: | $3.06 Higher |
MIDDAY MARKET UPDATE:
Block cheese price initially gained 0.25 cents but that did not last with price closing 0.25 cent lower at $1.7550 with two loads traded. Barrel cheese price declined 2 cents closing at $1.52 with 10 loads traded. Dry whey price declined 0.50 cent closing at 28.50 cents with four loads traded. Class III futures are 14 cents lower to 9 cents higher. Butter price moved to a new record high today of $3.30, an increase of 12 cents with only one load traded. There was an unfilled bid and uncovered offer remaining at the close. Buyers are crazy and leapfrogging over each of them to purchase butter. Grade A nonfat dry milk price remained steady at $1.1775 with no loads traded. Class IV futures are steady to 30 cents higher. Butter futures are 1.02 cents lower to 8.90 cents higher. Dry whey futures are 0.75-1.32 cents lower.
