OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Higher |
| SOYBEANS: | 18 Higher |
| SOYBEAN MEAL: | $15 Higher |
| LIVE CATTLE: | $1.75 Higher |
| DOW JONES: | 251 Points Lower |
| NASDAQ: | 65 Points Higher |
| CRUDE OIL: | $1.30 Higher |
MIDDAY MARKET UPDATE:
Both block and barrel cheese remained unchanged at $1.73 and $1.6825, respectively. There were no loads traded in either category with no buyers or sellers showing up during spot trading. The dry whey price increased 0.50 cent, closing at 40 cents with eight loads traded. Price has not been at this level since April 5.
Class III futures are 15 cents lower to 2 cents higher with the only gain being in the front-month October contract. Butter price declined 5.75 cents, closing at $3.1975 with one load traded. Grade A nonfat dry milk price remained steady at $1.1975 with no loads traded. Class IV futures only traded the November contract at unchanged and that was prior to spot trading. Futures will trade lower once business takes place. Butter futures are 2.92 cents lower to 1.77 cents higher. Dry whey futures are steady to 0.50 cent higher.
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