OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Lower |
| SOYBEANS: | 15 Lower |
| SOYBEAN MEAL: | $2.60 Lower |
| LIVE CATTLE: | $3.00 Lower |
| DOW JONES: | 130 Points Lower |
| NASDAQ: | 13 Points Higher |
| CRUDE OIL: | $1.15 Higher |
MIDDAY MARKET UPDATE:
The block cheese price hit a wall, falling 10.25 cents to close at $1.7775 with three loads traded. Three uncovered offers remained at the close with no unfilled bids. The barrel price declined 3.50 cents, closing at $1.8250, with no loads traded; only sellers showed up during spot trading with three uncovered offers. The dry whey price declined 1.25 cents, closing at 60.00 cents with one load traded. Classes are taking a hit with futures 8 to 67 cents lower. The butter price remained unchanged at $2.28 with no loads traded. There was one unfilled bid with eight uncovered offers. Grade A nonfat dry milk slipped 0.50 cent lower, closing at $1.26, with two loads traded. Class IV futures have not yet traded. Butter futures are 1.12 cents lower to 1.25 cents higher. Dry whey futures are 1.27 to 2.07 cents lower. Cheese futures are 0.50 to 4.80 cents lower.
