OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Lower |
| SOYBEANS: | 7 Lower |
| SOYBEAN MEAL: | $0.40 Higher |
| LIVE CATTLE: | $1.42 Higher |
| DOW JONES: | 220 Points Lower |
| NASDAQ: | 242 Points Lower |
| CRUDE OIL: | $2.28 Lower |
MIDDAY MARKET UPDATE:
Block cheese price initially moved 1.50 cents lower before buyers became more aggressive and price closed at $1.73 and unchanged for the day with four loads traded. Barrel cheese price declined 1.75 cents, closing at $1.6825 with three loads traded. Dry whey price increased 2.75 cents, closing at 39.50 cents with one load traded. This eliminated the losses of earlier in the week. Class III futures were lower prior to spot trading and are now mixed, ranging from 9 cents lower to 15 cents higher. Butter price declined 5 cents, closing at $3.25 with no loads traded and one uncovered offer remaining at the close. Grade A nonfat dry milk price declined 1.25 cents, closing at $1.1975 with no loads traded. Class IV futures took a hit with prices ranging from 3 to 47 cents lower. Butter futures are 1.50 to 7.82 cents lower. Dry whey futures are 0.70 cent lower to 0.85 cent higher.
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