OUTSIDE MARKETS SUMMARY:
| CORN: | 6 Lower |
| SOYBEANS: | 9 Lower |
| SOYBEAN MEAL: | $1.80 Lower |
| LIVE CATTLE: | $1.75 Lower |
| DOW JONES: | 192 Points Lower |
| NASDAQ: | 220 Points Higher |
| CRUDE OIL: | $2.53 Lower |
MIDDAY MARKET UPDATE:
The block cheese price declined 1.25 cents to close at $1.4925 with 8 loads traded. The barrel cheese price declined a penny, closing at $1.4700 with no loads traded. The dry whey price increased 0.50 cent to close at 68.50 cents with no loads traded. Class III futures are unchanged to 12 cents lower. The butter price gained 2.50 cents, closing at $1.5600 with 36 loads traded. There were 16 unfilled bids and 25 uncovered offers remaining at the close. The price initially increased to $1.5775 before slipping back by the close of spot trading. Grade A nonfat dry milk declined 3.00 cents to close at $2.0425 with 9 loads traded. There were 5 unfilled bids and 5 uncovered offers remaining at the close. Class IV futures are 36 cents lower to 3 cents higher. Butter futures are 0.40--3.00 cents higher. Dry whey futures are 1.75 cents lower to 0.50 cent higher. Cheese futures are 1.40 cents lower to 0.40 cent higher.
