OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Higher |
| SOYBEANS: | 17 Higher |
| SOYBEAN MEAL: | $0.50 Lower |
| LIVE CATTLE: | $1.27 Higher |
| DOW JONES: | 228 Points Lower |
| NASDAQ: | 2 Points Higher |
| CRUDE OIL: | $0.26 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 2.25 cents, closing at $1.6575 with 24 loads traded. There were six unfilled bids remaining at the close. The barrel cheese price increased by 3.50 cents, closing at $1.66. There were three unfilled bids. This could suggest prices may see further gains on Wednesday. Class III futures are 11 cents lower to 3 cents higher. The butter price remained unchanged at $2.34 with no loads traded. The Grade A nonfat dry milk price increased a penny with one load traded. Class IV futures have not yet been traded. Butter futures are 1.50 lower to 0.47 cent higher. Dry whey futures are 0.25 to 1.25 cents lower.
