OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Lower |
| SOYBEANS: | 12 Lower |
| SOYBEAN MEAL: | $5.70 Lower |
| LIVE CATTLE: | $1.22 Lower |
| DOW JONES: | 188 Points Lower |
| NASDAQ: | 223 Points Lower |
| CRUDE OIL: | $0.02 Lower |
MIDDAY MARKET UPDATE:
The block cheese price remained unchanged at $1.56 with two loads traded. The barrel cheese price declined 0.75 cent, closing at $1.6050 with no loads traded. The dry whey price declined 0.50 cent, closing at 78.00 cents with no loads traded. Class III futures are unchanged to 12 cents lower. The butter price slipped 0.25 cent, closing at $1.4775 with seven loads traded. The deferred contracts are showing the most pressure. Grade A nonfat dry milk slipped 0.25 cent to close at $1.1750 with three loads traded. Class IV futures are 11 cents lower to 22 cents higher. Butter futures are 0.97 to 6.02 cents lower. Dry whey futures are 0.50 to 1.50 cents lower. Cheese futures are 0.50 cent lower to 0.60 cent higher.
