OUTSIDE MARKETS SUMMARY:
| CORN: | 4 Lower |
| SOYBEANS: | 9 Lower |
| SOYBEAN MEAL: | $1.10 Lower |
| LIVE CATTLE: | $4.12 Lower |
| DOW JONES: | 22 Points Lower |
| NASDAQ: | 115 Points Higher |
| CRUDE OIL: | $2.38 Lower |
MIDDAY MARKET UPDATE:
Block cheese prices decreased 2.25 cents, closing at $1.7650 with five loads traded. Price initially moved lower with buying interest bringing it back for the lows only to fall back again into the close. Barrel cheese price increased 2.50 cents, closing at $1.7350 with three loads traded. The increase of barrels more than offset the decline of blocks. However, dry whey price declined 1.50 cents, closing at 38 cents with nine loads traded. Class III futures are mixed, ranging from 19 cents lower to 4 cents higher. Butter price increased 1.50 cents, closing at $3.3750 with three loads traded. Buyers continue to purchase even at this level. Grade A nonfat dry milk price increased 0.75 cent, closing at $1.24 with four loads traded. Class IV futures are unchanged with trading only in the November contract. Butter futures are 0.25 cent lower to 1.25 cents higher. Dry whey futures have not yet traded.
