OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Higher |
| SOYBEANS: | 20 Higher |
| SOYBEAN MEAL: | $1.70 Lower |
| LIVE CATTLE: | $2.47 Higher |
| DOW JONES: | 207 Points Lower |
| NASDAQ: | 168 Points Higher |
| CRUDE OIL: | $0.22 Higher |
MIDDAY MARKET UPDATE:
The block cheese price fell apart, falling 10.25 cents to close at $1.6650 with two loads traded. This is the lowest price since Sept. 29 and takes the prices near the low of the trading range. There were two unfilled bids and seven uncovered offers remaining at the close. The barrel price fell 5.50 cents, closing at $1.7500 with no loads traded and an uncovered offer setting the lower price. The dry whey price remained unchanged at 71.00 cents with no loads traded. Class III futures are 22 cents lower to 5 cents higher. The butter price declined 3.25 cents, nearly eliminating the gain of Friday, with six loads traded. The Grade A nonfat dry milk price slipped 0.25 cent to close at $1.13 with one load traded. Class IV futures are 4 to 10 cents lower. Butter futures are 0.50 to 5.25 cents lower. Dry whey futures are 1.25 cents lower. Cheese futures are 3.10 cents lower to 0.30 cent higher.
