OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Higher |
| SOYBEANS: | 6 Higher |
| SOYBEAN MEAL: | $8.90 Higher |
| LIVE CATTLE: | $5.72 Higher |
| DOW JONES: | 118 Points Lower |
| NASDAQ: | 320 Points Higher |
| CRUDE OIL: | $0.52 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased a penny to close at $1.64 with two loads traded. The barrel cheese price remained unchanged at $1.60 with no loads traded. The dry whey price declined 2.50 cents to close at 667.50 cents with three loads traded. Class III futures are 9 cents lower to 10 cents higher. The butter price declined 2.75 cents to close at $1.6175 with only one load traded. There were 5 unfilled bids and 19 uncovered offers remaining at the close, suggesting the upside price potential is limited. Grade A nonfat dry milk increased 0.25 cent to close at $2.2875 with six loads traded. Class IV futures are 1 cent lower to 16 cents higher. Butter futures are 1.50 cents lower to 0.97 cent higher. Dry whey futures are 0.52 cent lower to 0.20 cent higher. Cheese futures are 1.10 cents lower to 1.00 cent higher. Trading volume has been light across the futures complex.
