OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Lower |
| SOYBEANS: | 2 Higher |
| SOYBEAN MEAL: | $0.90 Lower |
| LIVE CATTLE: | $0.75 Higher |
| DOW JONES: | 209 Points Lower |
| NASDAQ: | 390 Points Lower |
| CRUDE OIL: | $0.60 Higher |
MIDDAY MARKET UPDATE:
The block cheese price declined a penny, closing at $1.63 with 10 loads traded. The barrel cheese prices slipped 0.50 cent, closing at $1.63 with six loads traded. Bids and offers remained at the close, indicating the market is balanced. The dry whey price declined a penny, closing at 50.00 cents with one load traded. Class III futures are 17 cents lower to 7 cents higher. The butter price increased 1.25 cents, closing at $2.33 with no loads traded. Grade A nonfat dry milk increased 2 cents, closing at $1.16 with 11 loads traded. Class IV futures have not yet been traded. Butter futures are 0.10 to 2.60 cents higher. Dry whey futures are steady to 0.50 cent higher.
