OUTSIDE MARKETS SUMMARY:
CORN: | 4 Lower |
SOYBEANS: | 7 Lower |
SOYBEAN MEAL: | $5.10 Lower |
LIVE CATTLE: | $1.00 Higher |
DOW JONES: | 363 Points Lower |
NASDAQ: | 284 Points Lower |
CRUDE OIL: | $0.57 Lower |
MIDDAY MARKET UPDATE:
Block cheese price declined by 3.75 cents, closing at $1.49 with six loads traded. Barrel cheese price declined by 2.25 cents, closing at $1.6250 with five loads traded. Dry whey price declined 1 cent, closing at 41.50 cents with no loads traded. Class III futures fell 3 to 32 cents with April taking the brunt of it. Butter price increased 1.75 cents, closing at $2.8275 with three loads traded. Grade A nonfat dry milk declined 2.75 cents, closing at $1.17 with two loads traded. Class IV futures are 10 cents lower. Butter futures are 1.15 cents lower to 2.97 cents higher. Dry whey futures are 0.15 to 1.57 cents lower.