OUTSIDE MARKETS SUMMARY:
| CORN: | 4 Higher |
| SOYBEANS: | 22 Higher |
| SOYBEAN MEAL: | $1.80 Higher |
| LIVE CATTLE: | $2.10 Lower |
| DOW JONES: | 520 Points Lower |
| NASDAQ: | 114 Points Lower |
| CRUDE OIL: | $4.16 Higher |
MIDDAY MARKET UPDATE:
The block cheese price declined 0.75 cent to close at $1.6325 with three loads traded. The barrel cheese price remained unchanged at $1.6150 with no loads traded. The dry whey price slipped 0.25 cent to close at 69.50 with no loads traded. Class III futures are 6-15 cents lower. The butter price declined 4.00 cents to close at $1.5550 with two loads traded. The price initially declined 4.25 cents, but it bounced up from the low. This is the lowest price since Jan. 28. Grade A nonfat dry milk remained steady at $2.6225 with three loads traded. The price initially declined by 0.25 cent, but rebounded from that level. Class IV futures are steady to 13 cents higher. Butter futures are 1.00-6.50 cents lower. Dry whey futures are 0.62-1.75 cents lower. Cheese futures are 1.00 cents lower to 0.10 cent higher.
