OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Lower |
| SOYBEANS: | 1 Lower |
| SOYBEAN MEAL: | $0.60 Lower |
| LIVE CATTLE: | $2.15 Lower |
| DOW JONES: | 333 Points Lower |
| NASDAQ: | 157 Points Lower |
| CRUDE OIL: | $2.53 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased by 0.75 cent to close at $1.4700 with 3 loads traded. The barrel cheese price remained unchanged with no trading activity. The dry whey price increased by 0.50 cent to close at 75.75 with one load traded. Class III futures are 6 cents lower to 20 cents higher with December showing the greatest gain. The butter price declined 2.25 cents to close at $1.3800 with 13 loads traded. There were 9 unfilled bids and 43 uncovered offers. Grade A nonfat dry milk increased 2.25 cents to close at $1.9150 with one load traded. This is the highest price since June 8th. Class IV futures are steady to 22 cents higher. Butter futures are 1.00 -- 3.25 cents lower. Dry whey futures are 0.25 -- 1.00 cent higher. Cheese futures are steady to 1.50 cents higher. Nonfat dry milk futures are 1.52 -- 4.00 cents higher.
