OUTSIDE MARKETS SUMMARY:
| CORN: | 6 Lower |
| SOYBEANS: | 16 Lower |
| SOYBEAN MEAL: | $5.20 Lower |
| LIVE CATTLE: | $3.27 Higher |
| DOW JONES: | 641 Points Lower |
| NASDAQ: | 414 Points Lower |
| CRUDE OIL: | $4.02 Higher |
MIDDAY MARKET UPDATE:
The block cheese price declined 3.75 cents to close at $1.5825 with seven loads traded. The barrel cheese price declined 0.75, closing at $1.5650 with two loads traded. The dry whey price remained unchanged at 69.00 cents with no loads traded. Class III futures are mixed, ranging from 29 cents lower to 15 cents higher. Traders maintain optimism as the block cheese price has declined the past three days, but that has had little impact on Class III futures. The butter price declined by 2.00 cents to close at $1.8250 with 17 loads traded. Grade A nonfat dry milk declined 1.50 cents to close at $1.9225 with 17 loads traded. Class IV futures are 28 cents lower to 21 cents higher. Butter futures are 1.20-4.25 cents lower. Dry whey futures are 0.45 cent lower to 1.05 cents higher. Cheese futures are 2.90 cents lower to 0.40 cent higher.
