OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Lower |
| SOYBEANS: | 8 Lower |
| SOYBEAN MEAL: | $5.50 Lower |
| LIVE CATTLE: | $0.05 Higher |
| DOW JONES: | 1657 Points Lower |
| NASDAQ: | Unchanged |
| CRUDE OIL: | $2.76 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased by 2.00 cents, closing at $1.85 with no load traded. No sellers showed up with two unfilled bids remaining at the closing of spot trading. The barrel cheese price remained unchanged at $1.81, with no loads traded and no buyers or sellers showing up to do any business. The dry whey price decreased 1.50 cents, closing at 59.00 cents with no loads traded. Class III futures are 9 cents lower to 10 cents higher, with the only gain seen in the September contract. The butter price decreased 1.25 cents after two consecutive days of gains, closing at $2.32 with two loads traded. There were nine uncovered offers remaining at the close of spot trading with no unfilled bids. Grade A nonfat dry milk price slipped 0.50 cent to $1.2650 with no loads traded. Class IV futures are 7 to 12 cents higher. Butter futures are 0.15 to 1.26 cents lower. Dry whey futures are 0.77 to 1.25 cents lower. Cheese futures are 0.10 cent lower to 1.20 cents higher.
