OUTSIDE MARKETS SUMMARY:
| CORN: | 10 Higher |
| SOYBEANS: | 4 Higher |
| SOYBEAN MEAL: | $2.00 Lower |
| LIVE CATTLE: | $1,72 Higher |
| DOW JONES: | 112 Points Lower |
| NASDAQ: | 265 Points Lower |
| CRUDE OIL: | $0.62 Lower |
MIDDAY MARKET UPDATE:
Both block and barrel prices remained unchanged at $1.7750 and $1.7800, respectively, with no loads traded. There was an uncovered offer for a load of barrels with an unfilled bid, and 2 uncovered offers remaining for blocks at the close of spot trading. The dry whey price increased 1.50 cents, closing at 57.00 cents with 2 loads traded. Class III futures are 14 cents lower to 9 cents higher. The butter price fell back 4.00 cents to close at $2.0450, taking back the gain of Thursday and then some, moving to a new low for the year with one load traded. Grade A nonfat dry milk remained unchanged at $1.2600. Class IV futures are 14 to 20 cents lower. Butter futures are 1.52 to 4.65 cents lower. Dry whey futures are 1.25 to 2.97 cents higher. Cheese futures are 1.10 cents lower to 0.20 cent higher. USDA will release the July Agricultural Prices report Friday afternoon, providing the average prices for agricultural products for the month.
