OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Lower |
| SOYBEANS: | 14 Lower |
| SOYBEAN MEAL: | $0.02 Lower |
| LIVE CATTLE: | $0.60 Lower |
| DOW JONES: | 168 Points Lower |
| NASDAQ: | 328 Points Lower |
| CRUDE OIL: | $0.04 Higher |
MIDDAY MARKET UPDATE:
The block cheese price moved slightly above the new low for the year set Thursday, with the 0.5-cent increase in the price closing at $1.35 with an astounding 28 loads traded. The barrel cheese price remained unchanged at $1.4125 with no loads traded. The dry whey price increased 0.5 cents at 76.50 cents with one load traded. Class III futures are 2 to 50 cents higher over the noon hour. The butter price remained unchanged at $1.48 with no loads traded. Grade A nonfat dry milk decreased 0.50 cent, closing at $1.16 with one load traded. Nonfat dry milk is currently trading anywhere from 0.025 cents lower to 0.95 cents higher. Class IV futures have not yet traded for the day. Butter futures are 0.55 cent lower to 0.025 cents higher. Dry whey futures are mixed from 0.275 cents higher to 0.25 cent lower. Cheese futures are 0.2 to 5.4 cents higher.
