OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Higher |
| SOYBEANS: | 9 Lower |
| SOYBEAN MEAL: | $1.30 Higher |
| LIVE CATTLE: | $0.20 Lower |
| DOW JONES: | 16 Points Lower |
| NASDAQ: | 164 Points Lower |
| CRUDE OIL: | $1.49 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 1.75 cents, closing at $1.5300 with three loads traded. The barrel price increased 1.75 cents, closing at $1.5300 with no loads traded. The dry whey price increased 1.00 cents, closing at 66.00 cents with no loads traded. Class III futures jumped with contracts unchanged to 37 cents higher. The butter price slipped 0.50 cent, closing at $1.8475 with seven loads traded. Grade A nonfat dry milk remained unchanged at $1.7650 with no loads traded. Class IV futures are steady to 43 cents higher, with the May contract moving to $20.15 and a new contract high. Butter futures are mixed, ranging from 5.00 cents lower to 0.65 cent higher. Dry whey futures are 0.25-0.50 cent higher. Cheese futures are 0.30 cent lower to 4.20 cents higher.
