OUTSIDE MARKETS SUMMARY:
| CORN: | 6 Lower |
| SOYBEANS: | 11 Lower |
| SOYBEAN MEAL: | $5.20 Lower |
| LIVE CATTLE: | $0.80 Higher |
| DOW JONES: | 57 Points Higher |
| NASDAQ: | 681 Points Lower |
| CRUDE OIL: | $1.85 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 3.75 cents closing at $1.87 with nine loads traded. The barrel cheese price increased 2 cents closing at $1.84 with three loads traded. It is one of the rare times when block and barrels move to a historically normal 3 cents. There were two unfilled bids for blocks and two for barrels with an uncovered offer remaining for a load of barrels at the close of trading. The dry whey price remained unchanged at 69.75 cents with no loads traded. Class III futures are 2 cents lower to 60 cents higher with February showing the greatest gain. The butter price remained steady at $2.53 with five loads traded. Grade A nonfat dry milk remained steady at $1.3475 with no loads traded. Class IV futures have only had trading in the September contract at 10 cents lower. Butter futures are 0.37 to 2.12 cents lower. Dry whey futures are 0.30 to 0.70 cent higher.
