OUTSIDE MARKETS SUMMARY:
| CORN: | 8 Lower |
| SOYBEANS: | 13 Lower |
| SOYBEAN MEAL: | $2.30 Lower |
| LIVE CATTLE: | $0.85 Lower |
| DOW JONES: | 119 Points Lower |
| NASDAQ: | 6 Points Lower |
| CRUDE OIL: | $1.11 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 3 cents, closing at $1.95 with 16 loads traded. The price moved to $1.9650 during trading but did not hold that level. There were two unfilled bids and two uncovered offers remaining. The barrel cheese price remained unchanged at $1.8650 with one load traded. One unfilled bid and three uncovered offers remaining at the close. The dry whey price increased 1.50 cents, closing at 57.00 cents with two loads traded. This is the highest dry whey price since Feb. 11. Class III futures are mixed, ranging from 24 cents lower to 11 cents higher. Contracts are lower through October and higher thereafter. The butter price increased 0.50 cent, closing at $2.5250 with 13 loads traded. There were three unfilled bids and two uncovered offers remaining at the close. Grade A nonfat dry milk increased 1.50 cents, closing at $1.2850 with two loads traded. Class IV futures are 17 to 32 cents higher. Butter futures are steady to 5.72 cents higher. Dry whey futures are steady to 0.35 cent lower.
