OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Higher |
| SOYBEANS: | 8 Higher |
| SOYBEAN MEAL: | $7.10 Lower |
| LIVE CATTLE: | $4.20 Higher |
| DOW JONES: | 312 Points Lower |
| NASDAQ: | 47 Points Lower |
| CRUDE OIL: | $6.61 Higher |
MIDDAY MARKET UPDATE:
The block cheese price declined 2.25 cents, closing at $1.63 with three loads traded. The barrel cheese price remained unchanged at $1.6150 with no loads traded. The dry whey price remained unchanged at 70.75 with no loads traded. Class III futures are steady to 56 cents lower. The butter price declined 4.50 cents, closing at $1.65 with 23 cents traded. Grade A nonfat dry milk declined 0.75 cent to close at $2.2575 with four loads traded. This is the first price decline in 17 consecutive trading days. Class IV futures are 48 cents lower, with trading taking place in only the June and August contracts. Butter futures are 1.77-6.20 cents lower. Dry whey futures are steady to 1.60 cents lower. Cheese futures are .20-3.60 cents lower. The April Federal Order class prices will be announced today.
