OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Lower |
| SOYBEANS: | 2 Higher |
| SOYBEAN MEAL: | $3.60 Higher |
| LIVE CATTLE: | $2.25 Higher |
| DOW JONES: | 643 Points Lower |
| NASDAQ: | 504 Points Lower |
| CRUDE OIL: | $1.84 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased by 2.25 cents, closing at $1.7050 with nine loads traded. The barrel cheese price increased 3.00 cents, closing at $1.71 with five loads traded. There were three unfilled bids for blocks with no offers remaining. There was one unfilled bid and one uncovered offer for barrels at the close of spot trading. The dry whey price increased 1.75 cents, closing at 55.00 cents with five loads traded. Class III futures are mixed, ranging from 23 cents lower to 9 cents higher. February and later contracts are under pressure. The butter price decreased 2.75 cents, closing at $2.4450 with two loads traded. Grade A nonfat dry milk slipped 0.25 cent, closing at $1.2875 with nine loads traded. Class IV futures have not yet been traded. Butter futures are 0.80 cent lower to 1.00 cents higher. Dry whey futures are 0.90 cent higher.
