OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Higher |
| SOYBEANS: | 2 Lower |
| SOYBEAN MEAL: | $3.10 Lower |
| LIVE CATTLE: | $0.27 Higher |
| DOW JONES: | 227 Points Lower |
| NASDAQ: | 159 Points Lower |
| CRUDE OIL: | $0.17 Lower |
MIDDAY MARKET:
Block cheese price closed lower but not as low as it had traded during spot trading. The price slipped 0.25 cent, closing at $1.47 with four loads traded. The price initially declined to $1.4575 before coming back up. Barrel cheese price increased a penny to $1.4425 with three loads traded. The negativity of blocks put further weakness in the market with current Class III futures 3-34 cents lower.
Dry whey price increased by 0.50 cent, closing at 44.50 with no loads traded. Butter price declined 2.50 cents, closing at $2.8225 with no loads traded. Grade A nonfat dry milk price remained unchanged at $1.1625 with no loads traded. Class IV futures are unchanged to 1 cent lower. Butter futures are 0.37 to 2.45 cents lower. Dry whey futures are 1.21 cents lower to 1.12 cents higher.
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