OUTSIDE MARKETS SUMMARY:
| CORN: | 7 Lower |
| SOYBEANS: | 6 Higher |
| SOYBEAN MEAL: | $5.60 Lower |
| LIVE CATTLE: | $2.12 Lower |
| DOW JONES: | 598 Points Lower |
| NASDAQ: | 48 Points Lower |
| CRUDE OIL: | $3.83 Higher |
MIDDAY MARKET UPDATE:
The block cheese price slipped 0.50 cent to close at $1.5050 with no loads traded. The barrel cheese price remained unchanged at $1.5200 with no loads traded. The dry whey price remained unchanged at 67.50 with no loads traded. Class III futures were mixed prior to spot trading but have come under slight pressure following the decline of blocks. The butter price remained steady at $1.6500 with 30 loads traded. Grade A nonfat dry milk increased 2.50 cents to close at $1.50 with 8 loads traded. Class IV futures are 12 cents lower to 18 cents higher. Butter futures are 2.92 cents lower to 0.50 cent higher. Dry whey futures are 0.25 cent lower to 1.00 cent higher. Cheese futures are 1.50 cent lower to 0.10 cent higher. Nonfat dry milk futures are 0.37 -- 3.02 cents higher.
