OUTSIDE MARKETS SUMMARY:
| CORN: | 7 Higher |
| SOYBEANS: | 5 Higher |
| SOYBEAN MEAL: | $1.30 Lower |
| LIVE CATTLE: | $0.35 Lower |
| DOW JONES: | 101 Points Lower |
| NASDAQ: | 52 Points Lower |
| CRUDE OIL: | $1.02 Higher |
MIDDAY MARKET UPDATE:
The block cheese price pulled back today by 2.25 cents settlings at $1.8975 with no loads traded. The barrel cheese price slipped by 0.75 cent closing at $1.8075 with no loads traded. The dry whey price fell 1 cent closing at 54.50 with no loads traded. Class III futures are currently trading 2 to 47 cents lower on this news. The butter price gained another 3 cents Wednesday, closing at $2.44 with 18 loads traded and two bids and two offers remaining at the close. Grade A nonfat dry milk is 1 cent lower at $1.27 with no loads traded. Class IV futures are anywhere from unchanged to 1.7 cents higher. Butter futures are 0.5 cents to 4.30 cents higher. Dry whey futures are unchanged to 2.275 cents lower.
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