OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Lower |
| SOYBEANS: | 9 Lower |
| SOYBEAN MEAL: | $6.20 Lower |
| LIVE CATTLE: | $2.02 Higher |
| DOW JONES: | 304 Points Lower |
| NASDAQ: | 57 Points Lower |
| CRUDE OIL: | $1.77 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 0.25 cent to close at $1.2850 with two loads traded. The barrel cheese price remained unchanged at $1.36 with no loads traded. The dry whey price increased a penny to close at 71.00 cents with two loads traded. Class III futures are 3 to 16 cents lower despite the increase in block and dry whey. The market continues to feel the pressure from the weakness of spot cheese prices on Monday. The butter price remained steady at $1.30 with one load traded. Grade A nonfat dry milk decreased 2.00 cents, closing at $1.2400 with five loads traded. Class IV futures are 2 to 20 cents lower. Butter futures are steady to 2.07 cents lower. Dry whey futures are 1.25 cents lower to 0.17 cent higher. Cheese futures are 0.10 to 1.40 cents lower.
