OUTSIDE MARKETS SUMMARY:
| CORN: | 7 Lower |
| SOYBEANS: | 9 Lower |
| SOYBEAN MEAL: | $3.40 Lower |
| LIVE CATTLE: | $0.82 Lower |
| DOW JONES: | 275 Points Lower |
| NASDAQ: | 171 Points Lower |
| CRUDE OIL: | $1.22 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased a penny to $1.3450 with 10 loads traded. There were four unfilled bids and one uncovered offer remaining at the close. The barrel cheese price remained unchanged at $1.40 with no loads traded. The dry whey price remained unchanged at 73.00 cents with no loads traded. Class III futures are 21 cents lower to one cent. The only increase was in the December contract, with Tuesday being the last trading day for the contract. The butter price remained unchanged at $1.4025 with no loads traded. Grade A nonfat dry milk decreased a penny to close at $1.17 with no loads traded. Class IV futures have traded unchanged in March, the only contract traded. Butter futures are 0.20-1.75 cents lower. Dry whey futures are steady to 0.20 cent higher. Cheese futures are 0.30-2.50 cents lower.
