OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Higher |
| SOYBEANS: | 1 Higher |
| SOYBEAN MEAL: | $1.50 Higher |
| LIVE CATTLE: | $3.77 Lower |
| DOW JONES: | 430 Points Lower |
| NASDAQ: | 419 Points Lower |
| CRUDE OIL: | $1.22 Higher |
MIDDAY MARKET UPDATE:
The block cheese price declined 2.50 cents, closing at $1.74 with two loads traded. The barrel cheese price declined 2.00 cents, closing at $1.7550 with no loads traded. The barrel market has been confusing, with the price fluctuating but little business being done. The dry whey price remained unchanged at 67.00 cents with no loads traded. Class III futures are ranging from 8 cents lower to 7 cents higher. The butter price declined 3.50 cents, closing at $1.5450 with six loads traded. Grade A nonfat dry milk increased 0.50 cent to close at $1.12 with no loads traded. Class IV futures have only traded in the April contract at 16 cents earlier in the day. Butter futures are 1.50 to 5.97 cents lower. Dry whey futures are 0.55 cent lower to 2.00 cents higher. Cheese futures are 0.90 cent lower to 1.30 cents higher.
