OUTSIDE MARKETS SUMMARY:
| CORN: | 4 Lower |
| SOYBEANS: | 7 Lower |
| SOYBEAN MEAL: | $0.11 Lower |
| LIVE CATTLE: | $4.80 Lower |
| DOW JONES: | 278 Points Lower |
| NASDAQ: | 80 Points Lower |
| CRUDE OIL: | $0.38 Lower |
MIDDAY MARKET UPDATE:
The block cheese price traded 1.25 cents lower today closing at $1.4650 with 14 loads traded. The barrel cheese price was unchanged at $1.5325 with no loads traded. The dry whey price climbed 0.25 cents, closing at 75.25 cents with 1 load traded. Class III futures are trading anywhere from 17 to 30 cents lower here at the midday point. The butter price was up unchanged at $1.44 with no loads traded. There were 51 unfilled offers and no bids remaining at the close. Grade A nonfat dry milk was unchanged at $1.88 with no loads traded. Class IV futures are mixed from 15 cents higher to 19 cents lower. Butter futures are 0.5 to 1.525 cents lower. Dry whey futures are trading 0.25 cents lower. Cheese futures are 1.7 to 2.4 cents lower. Nonfat dry milk futures are 0.325 to 1.275 cents lower.
