OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Lower |
| SOYBEANS: | 2 Higher |
| SOYBEAN MEAL: | $2.20 Higher |
| LIVE CATTLE: | $0.96 Lower |
| DOW JONES: | 136 Points Higher |
| NASDAQ: | 345 Points Lower |
| CRUDE OIL: | $0.75 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 2.50 cents to close at $1.4150 with 5 loads traded. The barrel cheese price remained unchanged at $1.4600 with no loads traded. The dry whey price increased 0.50 cent to close at 68.50 cents, with one load traded. Class III futures are mixed, ranging from 8 cents lower to 6 cents higher. The butter price decreased 5.50 cents to close at $1.4750 with 15 loads traded. This is the lowest price since Jan. 21. There were more unfilled bids than uncovered offers remaining at the close. Grade A nonfat dry milk decreased 1.50 cents to close at $1.6000 with two loads traded. Class IV futures are mixed, ranging from 12 cents lower to 6 cents higher. Butter futures are steady to 3.25 cents lower. Dry whey futures are 0.45 cent lower to 0.25 cent higher. Cheese futures are 0.80 cent lower to 0.80 cent higher. Nonfat dry milk futures are 2.10 cents lower to 1.50 cents higher.
