OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Lower |
| SOYBEANS: | 6 Lower |
| SOYBEAN MEAL: | $5.20 Lower |
| LIVE CATTLE: | $0.85 Higher |
| DOW JONES: | 159 Points Lower |
| NASDAQ: | 43 Points Lower |
| CRUDE OIL: | $2.90 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increases by 0.25 cents closing at $1.93 with 10 loads traded. The barrel cheese price declined by 1.50 cents closing at $1.8650 with one load traded. The dry whey price remained unchanged at 60 cents. Class III futures post double-digit gains due to blocks trading higher on the good volume of loads traded. Class III futures are steady to 23 cents higher. The butter price declined by a penny, closing at $2.64 with 30 loads traded. There have been 52 loads traded over the past two days. Grade A nonfat dry milk slipped 0.25 cent closing at $1.3325 with nine loads traded. Class IV futures have only traded in the January contract with futures 15 cents higher. Butter futures are 0.02 cent lower to 1.00 cents higher. Dry whey futures are 1.90 cents lower to 0.95 cent higher.
