OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Higher |
| SOYBEANS: | 6 Lower |
| SOYBEAN MEAL: | Unchanged |
| LIVE CATTLE: | $0.52 Higher |
| DOW JONES: | 360 Points Lower |
| NASDAQ: | 244 Points Lower |
| CRUDE OIL: | $3.60 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 0.50 cent, closing at $1.6350 with two loads traded. The barrel cheese price jumped 4.00 cents, closing at $1.6150 with no loads traded. There was one unfilled bid and one uncovered offer in barrels at the close of spot trading. The dry whey price decreased a penny, closing at 69.50 cents with one load traded. Class III futures are mixed from 13 cents lower to 6 cents higher. The butter price continued to show weakness, with the price decreasing 5.50 cents, closing at $1.6450 with 14 loads traded. This is the lowest price since Feb. 10. Grade A nonfat dry milk increased a penny to close at $2.26 with no loads traded. Class IV futures are 4 cents lower to 8 cents higher. Butter futures are 3.75 cents lower to 0.85 cent higher. Dry whey futures are steady to 0.70 cent higher. Cheese futures are 1.2 cents lower to 0.50 cent higher. USDA will release the March Livestock Slaughter report this afternoon.
