OUTSIDE MARKETS SUMMARY:
| CORN: | 8 Lower |
| SOYBEANS: | 17 Lower |
| SOYBEAN MEAL: | $6.50 Lower |
| LIVE CATTLE: | $4.80 Lower |
| DOW JONES: | 20 Points Lower |
| NASDAQ: | 77 Points Higher |
| CRUDE OIL: | $1.34 Lower |
MIDDAY MARKET UPDATE:
The block cheese price slipped 0.25 cent to close at $1.56 with two loads traded. The barrel cheese price remained steady at $1.6125 with no loads traded. The dry whey price remained unchanged at 678.50 cents with no loads traded. Class III futures are 2-35 cents lower. The January and February contracts are below $16.00. The butter price declined 4.50 cents, closing at $1.48 with three loads traded. Grade A nonfat dry milk declined 1.75 cent, closing at $1.1775 with nine loads traded. Class IV futures are 14-42 cents lower. The January and February contracts are below $14.00. Butter futures are 0.25 to 6.25 cents lower. Dry whey futures are 0.75 to 2.27 cents lower. Cheese futures are 0.60 to 2.90 cents lower.
