OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Lower |
| SOYBEANS: | 4 Higher |
| SOYBEAN MEAL: | $1.90 Higher |
| LIVE CATTLE: | $1.27 Higher |
| DOW JONES: | 152 Points Lower |
| NASDAQ: | 149 Points Lower |
| CRUDE OIL: | $0.11 Lower |
MIDDAY MARKET UPDATE:
The block cheese price declined 1.50 cents, closing at $1.7350 with six loads traded. The barrel cheese price declined 3.00 cents, closing at $1.74 with no loads traded. The dry whey price remained steady at 63.00 cents with 10 loads traded. This was an unusually high volume traded in a single day in dry whey. Class III futures are mixed from 6 lower to 13 higher. The butter price declined 2.75 cents, closing at $1.6675 with 22 loads traded. There were four unfilled bids and eight uncovered offers remaining at the close. Grade A nonfat dry milk declined a penny to close at $1.15 with two loads traded. Class IV futures are being hit hard, ranging from 28 to 35 cents lower. Butter futures are 1.00 to 6.85 cents lower. Dry whey futures are 0.10 to 0.35 cent lower. Cheese futures are 1.00 cents lower to 1.10 cents higher.
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