OUTSIDE MARKETS SUMMARY:
| CORN: | Unchanged |
| SOYBEANS: | 6 Lower |
| SOYBEAN MEAL: | $2.80 Lower |
| LIVE CATTLE: | $0.22 Lower |
| DOW JONES: | 1150 Points Lower |
| NASDAQ: | 550 Points Lower |
| CRUDE OIL: | $1.63 Lower |
MIDDAY MARKET UPDATE:
Block cheese fell 6 cents, closing at $1.7750 with one load traded. This ended the streak of daily gains that took place over the past two weeks. The barrel cheese price declined 3.35 cents, closing at $1.8075 with five loads traded. There were offers for two loads of blocks and two loads of barrels remaining at the close of spot trading. The dry whey price slipped 0.50 cent, closing at 47.75 cents with three loads traded. Class III futures were higher ahead of spot trading, with May up 38 cents before selling pressure pushed the price to double-digit losses. Futures are mixed, ranging from 20 cents lower to 21 cents higher. The butter price declined 2.25 cents, closing at $2.32 with one load traded. The Grade A nonfat dry milk price increased a penny to $1.1825 with four loads traded. Class IV futures have not yet been traded. Butter futures are 0.25 cent lower to 0.40 cent higher. Dry whey futures are steady to 1.47 cents higher.
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