OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Higher |
| SOYBEANS: | 5 Higher |
| SOYBEAN MEAL: | $3.70 Lower |
| LIVE CATTLE: | $0.07 Lower |
| DOW JONES: | 1657 Points Lower |
| NASDAQ: | 805 Points Lower |
| CRUDE OIL: | $0.49 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 3.50 cents, closing at $1.7550 with two loads traded. The barrel cheese price increased 3.50 cents, closing at $1.7250 with no loads traded. There was an unfilled bid and an uncovered offer for a load of barrels, and one unfilled bid in barrels. The barrel price continues to be pushed higher by the bid to purchase a load, with the buyer unable to find a seller. The dry whey price slipped $0.75 cent to close at 64.00 cents with no loads traded. Class III futures are 1 cent lower to 39 cents higher. The butter price increased 1.50 cents, closing at $1.7250 with seven loads traded. Grade A nonfat dry milk increased 0.50 cent to close at $1.1625 with two loads traded. Class IV futures have traded 5.00 cents higher in the December contract. Butter futures are 1.22 cents lower to 2.60 cents higher. Dry whey futures are 0.75 cent lower to 1.00 cents higher. Cheese futures are steady to 4.20 cents higher. The September Federal Order prices will be announced this afternoon.
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