OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Higher |
| SOYBEANS: | 8 Higher |
| SOYBEAN MEAL: | $3.40 Higher |
| LIVE CATTLE: | $2.77 Higher |
| DOW JONES: | 374 Points Lower |
| NASDAQ: | 20 Points Lower |
| CRUDE OIL: | $0.33 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased by 2.50 cents, closing at $1.8350 with five loads traded. The barrel cheese price increased 0.50 cent, closing at $1.7950 with three loads traded. Buyers came back to the spot market today after being absent on Wednesday. There were three unfilled bids for loads of blocks and two for barrels at the close of spot trading. One uncovered offer remained for a load of barrels. The dry whey price increased a penny, closing at 57.00 cents with one load traded. Class III futures are 5 cents lower to 25 cents higher. The butter price decreased by 3.00 cents, closing at $2.40 with three loads traded. This is the lowest butter price since May 22. Grade A nonfat dry milk decreased a penny to close at $1.27 with three loads traded. Class IV futures have traded only in the December contract at 29 cents lower and the July contract at 21 cents lower. Butter futures are steady to 5.80 cents lower. Dry whey futures have not yet been traded. Cheese futures are 0.30 to 1.80 cents higher.
