OUTSIDE MARKETS SUMMARY:
| CORN: | 7 Higher |
| SOYBEANS: | 8 Higher |
| SOYBEAN MEAL: | $11.20 Higher |
| LIVE CATTLE: | $1.95 Lower |
| DOW JONES: | 423 Points Lower |
| NASDAQ: | 209 Points Lower |
| CRUDE OIL: | $0.86 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 2.75 cents, closing at $1.6475 with two loads traded. The barrel cheese price remained unchanged at $1.57 with no loads traded. The dry whey price increased a penny to close at 64.50 cents with no loads traded. Class III futures are 4-32 cents lower. The butter price closed 0.75 cent lower at $1.7925 with 26 loads traded. The price initially declined to $1.74 before buying interest regained the losses. Grade A nonfat dry milk increased 2.50 cents to close at $1.8450 with five loads traded. Class IV futures are 6-15 cents higher. Butter futures are 0.80-4.90 cents lower. Dry whey futures are 0.02-1.47 cents lower. Cheese futures are 1.90 cents lower to 0.20 cent higher.
