OUTSIDE MARKETS SUMMARY:
| CORN: | 7 Lower |
| SOYBEANS: | 9 Lower |
| SOYBEAN MEAL: | $5.00 Lower |
| LIVE CATTLE: | $0.80 Higher |
| DOW JONES: | 473 Points Lower |
| NASDAQ: | 906 Points Lower |
| CRUDE OIL: | $2.83 Lower |
MIDDAY MARKET UPDATE:
The block cheese price declined 0.75 cents to close at $1.4725 with 3 loads traded. The barrel cheese price remained unchanged at $1.4400 with no loads traded. The dry whey price held steady at 67.00 cents with 2 loads traded. Class III futures are mixed from 7.00 cents lower to 7.00 cents higher. The butter price increased 1.25 cents to close at $1.6925 with no loads traded. There were 25 uncovered offers with the sellers not interested in lowering their prices. Grade A nonfat dry milk fell 6.50 cents to close at $2.0450 with 5 loads traded. Class IV futures are 15-82 cents lower. Butter futures are 1.25 cents lower to 2.92 cents higher. Dry whey futures are 0.02 cent lower to 0.97 cent higher. Cheese futures are 0.60 cent lower to 0.90 cent higher.
