OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Lower |
| SOYBEANS: | 1 Higher |
| SOYBEAN MEAL: | $2.60 Lower |
| LIVE CATTLE: | Unchanged |
| DOW JONES: | 3 Points Lower |
| NASDAQ: | 104 Points Higher |
| CRUDE OIL: | $1.04 Higher |
MIDDAY MARKET UPDATE:
The block cheese price declined a penny closing at $2.19 with no loads traded. The only bid in the market was 6 cents lower possibly indicating further downside potential remains. The barrel cheese price declined 4.50 closing at $2.5450 with no loads traded. Barrels had no buyers showing up. This is the fourth consecutive day with no buyers showing up to do any business. It provides no insight into where buyers might step in to offer market support. The dry whey price increased by 0.25 cents closing at 59 cents with one load traded. Class III futures are 1 to 53 cents lower with October and November showing the greatest loss. The butter price declined 4 cents closing at $2.90 with one load traded and three uncovered offers remaining at the close. Grade A nonfat dry milk declined 0.25 cents closing at $1.3775 with seven loads traded. Class IV futures have only been traded in the October contract with the price 20 cents lower. Butter futures are 0.62 to 4.05 cents lower. Dry whey futures are steady to 0.25 cents lower.
