OUTSIDE MARKETS SUMMARY:
| CORN: | Unchanged |
| SOYBEANS: | 2 Lower |
| SOYBEAN MEAL: | $2.20 Lower |
| LIVE CATTLE: | $0.02 Lower |
| DOW JONES: | 189 Points Lower |
| NASDAQ: | 221 Points Lower |
| CRUDE OIL: | $2.53 Lower |
MIDDAY MARKET UPDATE:
The block cheese price declined 2.00 cents to close at $1.4200 with 9 loads traded. The barrel cheese price gained 0.25 cent to close at $1.4800 with 2 loads traded. The dry whey price gained 1.50 cents to close at 68.50 cents with 2 loads traded. Class III futures are 1 cent lower to 12 cents higher. The nearby June contract shows the only loss. The butter price jumped 9.50 cents to close at $1.6500 with 9 loads traded. There were 9 unfilled bids and no uncovered offers remaining at the close. Grade A nonfat dry milk gained 1.75 cents to close at $1.5975 with no loads traded. Class IV futures are 4-54 cents higher. Butter futures are 3.05 cents lower to 7.50 cents higher. The lower prices are in the March and April contracts. Dry whey futures are 0.25 cent lower to 0.75 cent higher. Cheese futures are 0.30 cent lower to 0.90 cent higher. Nonfat dry milk futures are steady to 4.00 cents higher.
