OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Lower |
| SOYBEANS: | 7 Lower |
| SOYBEAN MEAL: | $0.20 Higher |
| LIVE CATTLE: | $0.15 Higher |
| DOW JONES: | 340 Points Lower |
| NASDAQ: | 68 Points Lower |
| CRUDE OIL: | $0.96 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 3.75 cents closing at $2.52 with seven loads traded. The barrel cheese price increased by 5.50 cents closing at $1.7850 with four loads traded. There was an unfilled bid for a load of blocks and three uncovered offers remaining for barrels at the close. The dry whey price remained unchanged at 74.50 cents with no loads traded. Class III futures are mixed from 25 cents lower to 15 cents higher. Futures showed weakness after spot trading rather than following spot prices higher. The butter price increased 2 cents closing at $2.52 with one load traded. There was an unfilled bid and three uncovered offers remaining at the close. Nonfat dry milk increased 0.25 cent closing at $1.38 with one load traded. Class IV futures are mixed, ranging from 10 cents lower to 8 cents higher. Butter futures are 0.20 -- 1.65 cents higher. Dry whey futures are 0.50 cent lower to 0.75 cent higher.
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