OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Lower |
| SOYBEANS: | 4 Lower |
| SOYBEAN MEAL: | $0.08 Higher |
| LIVE CATTLE: | $1.03 Higher |
| DOW JONES: | 129 Points Lower |
| NASDAQ: | 119 Points Lower |
| CRUDE OIL: | $0.96 Lower |
MIDDAY MARKET UPDATE:
The block cheese price jumped 3 cents higher today, settling at $1.38 with 11 loads traded. There were four bids remaining at the close. The barrel cheese price fell 1.25 cents at $1.40 with no loads traded. The dry whey price dropped 1.5 cents to 75.0 cents with one load traded. There were three offers and six bids remaining at the close. Class III futures are trading anywhere from 16 cents lower to 10 cents higher over the noon hour. The butter price fell 1.5 cents, closing at $1.4650 with nine loads traded today. Grade A nonfat dry milk increased 1 cent, closing at $1.17 with three loads traded. Nonfat dry milk is currently trading 0.025 to 0.375 cents higher. Class IV futures have not yet traded for the day. Butter futures are 0.725 to 1.025 cents lower. Dry whey futures are 0.225 to 1.1 cents lower. Cheese futures are 0.3 to 1.5 cents lower.
