OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Lower |
| SOYBEANS: | 5 Higher |
| SOYBEAN MEAL: | $2.00 Lower |
| LIVE CATTLE: | $0.25 Lower |
| DOW JONES: | 272 Points Lower |
| NASDAQ: | 479 Points Lower |
| CRUDE OIL: | $0.44 Higher |
MIDDAY MARKET UPDATE:
The block cheese price declined 5 cents closing at $1.84 with no loads traded. The barrel cheese price declined 6.50 cents closing at $1.86 with one load traded. No buyers showed up for blocks during spot trading which is not friendly to the market. The dry whey price remained unchanged at 60.50 cents with no loads traded. Class III futures are 18 cents lower to 7 cents higher. The butter prices gained 0.25 cent closing at $2.7075 with no loads traded. Nonfat dry milk declined by 0.75 cent closing at $1.3775 with five loads traded. Class IV futures are 10 cents higher to 10 cents lower. Butter futures are 2.00 cents lower to 0.72 cent higher. Dry whey futures are 0.40 -- 1.50 cents lower. The USDA will release the September Agricultural Prices report this afternoon.
