OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Lower |
| SOYBEANS: | 11 Lower |
| SOYBEAN MEAL: | Unchanged |
| LIVE CATTLE: | $0.50 Lower |
| DOW JONES: | 46 Points Lower |
| NASDAQ: | 182 Points Lower |
| CRUDE OIL: | $0.17 Higher |
MIDDAY MARKET UPDATE:
Both block and barrel cheese prices remained unchanged at $1.61 with no loads traded. There was one unfilled bid for a load of blocks and one for barrels remaining at the close with an uncovered offer remaining for a load of barrels. The dry whey price increased by 0.25 cent closing at 38.50 with two loads traded. Class III futures had little to go on leaving futures 4 cents lower to 8 cents higher. Trading volume is good with the May contracts trading over 1,400 contracts on limited price movement. The butter price slipped by 0.50 cent closing at $2.92 with one load traded. The Grade A nonfat dry milk price increased by 0.25 cent closing at $1.1225 with nine loads traded. Class IV futures are 15 cents lower to 1 cent higher. Butter futures are 3.85 cents lower to 0.75 cent higher. Dry whey futures are steady to 0.20 cent higher.
