OUTSIDE MARKETS SUMMARY:
| CORN: | Unchanged |
| SOYBEANS: | 4 Higher |
| SOYBEAN MEAL: | $1.90 Lower |
| LIVE CATTLE: | $1.20 Higher |
| DOW JONES: | 149 Points Lower |
| NASDAQ: | 218 Points Lower |
| CRUDE OIL: | $1.46 Lower |
MIDDAY MARKET UPDATE:
The block and barrel cheese prices remained unchanged at $1.70 and $1.7050 respectively, with no loads traded. No buyers or sellers showed up to do any business. The dry whey price remained unchanged at 50.50 cents with no loads traded. Class III futures are mixed, ranging from 6 cents lower to 7 cents higher. Trading activity is very light and the least I have seen in a long time, with less than 200 contracts traded in any one month. The butter prices slipped 0.50 cent, closing at $2.2750 with seven loads traded. Grade A nonfat dry milk remained unchanged at $1.1875 with no loads traded. Class IV futures have not yet been traded. Butter futures are 1.00 cents lower to 0.65 cent higher. Dry whey futures have only had activity in the June contract with the price 0.25 cent lower.
