OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Lower |
| SOYBEANS: | 4 Lower |
| SOYBEAN MEAL: | $0.10 Higher |
| LIVE CATTLE: | $1.05 Higher |
| DOW JONES: | 98 Points Lower |
| NASDAQ: | 1 Point Higher |
| CRUDE OIL: | $1.10 Lower |
MIDDAY MARKET UPDATE:
Both block and barrel cheese prices remained unchanged at $1.3350 and $1.40, respectively, with no loads traded. There was an unfilled bid and seven uncovered offers remaining in blocks. No one showed up to do any business in barrels. The dry whey price increased by 0.50 cent to close at 73.00 cents with one load traded. Class III futures are 1-28 cents higher. The butter price remained unchanged at $1.4025 with three loads traded. There were seven unfilled bids and one uncovered offer remaining at the close. Grade A nonfat dry milk remained unchanged at 1.18 with no loads traded. Class IV futures have not yet been traded. Butter futures are 1.05 cents lower to 0.50 cent higher. Dry whey futures are steady to 0.50 cent higher. Cheese futures are steady to 1.80 cents higher.
