OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Higher |
| SOYBEANS: | 10 Higher |
| SOYBEAN MEAL: | $2.70 Lower |
| LIVE CATTLE: | $2.55Lower |
| DOW JONES: | 189 Points Lower |
| NASDAQ: | 184 Points Lower |
| CRUDE OIL: | $2.42 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 2.75 cents to close at $1.6275 with one load traded. The barrel cheese price increased 1.00 cent with no loads traded. The dry whey price remained unchanged at 69.50 cents with no loads traded. Buyers are supporting the market as they are increasing purchases to take advantage of the low prices. However, with sufficient cheese available, they do not need to be very aggressive. Class III futures are 4 cents lower to 18 cents higher. The butter price increased 0.25 cent to close at $1.5900 with 11 loads traded. Grade A nonfat dry milk slipped 0.25 cent to close at $1.4700 with no loads traded. Class IV futures are mixed in light trade with futures ranging from 11 cents lower to 6 cents higher. Butter futures are 1.00 cent lower to 2.25 cents higher. Dry whey futures are 0.02 -- 0.25 cent higher. Cheese futures are 0.20 cent lower to 2.10 cents higher. Nonfat dry milk futures are 0.12 -- 1.42 cents lower.
