OUTSIDE MARKETS SUMMARY:
| CORN: | 11 Lower |
| SOYBEANS: | 17 Lower |
| SOYBEAN MEAL: | $1.50 Higher |
| LIVE CATTLE: | $1.55 Higher |
| DOW JONES: | 435 Points Lower |
| NASDAQ: | 231 Points Higher |
| CRUDE OIL: | $3.97 Higher |
MIDDAY MARKET UPDATE:
The block cheese price declined 1.50 cents to close at $1.5550 with five loads traded. The barrel cheese price mirrored the block also with a decline of $1.50, closing at $1.5550 with no loads traded. The dry why price gained a penny to close at 68.50 cents with one load traded. Class III futures are 12 cents lower to 2 cents higher with only September posting a gain. The butter price slipped 0.50 cent to close at $1.6400 with 23 loads traded. There were 17 unfilled bids and 8 uncovered offers remaining at the close of spot trading. Buyer interest is good, but they remain unaggressive as sellers continue to offer supplies. Grade A nonfat dry milk slipped 0.25 cent to close at $2.2725 with one load traded. Class IV futures are 2-9 cents higher. Butter futures are 0.47 cent lower to 2.90 cents higher. Dry whey futures are 0.42 cent lower to 0.25 cent higher. Cheese futures are 0.60 cent lower to 0.60 cent higher.
