OUTSIDE MARKETS SUMMARY:
| CORN: | 4 Higher |
| SOYBEANS: | 11 Higher |
| SOYBEAN MEAL: | $4.50 Higher |
| LIVE CATTLE: | $1.00 Higher |
| DOW JONES: | 140 Points Lower |
| NASDAQ: | 45 Points Lower |
| CRUDE OIL: | $0.84 Lower |
MIDDAY MARKET UPDATE:
Block cheese price declined 1.50 cents, closing at $1.84 with eight loads traded. The barrel cheese price declined 3 cents, closing at $2.03 with four loads traded. Buyers are interested in purchasing supply but do not need to be aggressive as sellers try to sell ahead of further price declines. The dry whey price declined 0.50 cent, closing at 39.50 cents with nine loads traded. Class III futures are 45 cents lower to 18 cents higher. The butter price remained unchanged at $3.1125 with no loads traded. There was no interest in doing business as buyers and sellers did not show up during the trading period. Grade A nonfat dry milk price slipped 0.25 cents, closing at $1.1725 with 10 loads traded. Class IV futures are steady to 18 cents higher. Butter futures are 2.30 cents lower to 1.35 cents higher. Dry whey futures are 1.00 to 2.90 cents lower.
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