OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Lower |
| SOYBEANS: | 2 Lower |
| SOYBEAN MEAL: | $3.20 Lower |
| LIVE CATTLE: | $1.375 Higher |
| DOW JONES: | 119 Points Lower |
| NASDAQ: | 418 Points Lower |
| CRUDE OIL: | $2.30 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 3 cents to close at $1.6825 with no loads traded. The barrel cheese price increased 5 cents to close at $1.6200 with no loads traded. Only bids were left standing at the close with blocks seeing four remaining and barrels seeing eight. The dry whey price set another new record high for the third time this week, at 89.5 cents, an increase of 0.50 cents. There were two loads traded. Class III futures are 2 to 26 cents higher. The butter price closed 2 cents higher at $1.3650 with five loads traded. There were three bids remaining and 60 offers at the close. Grade A nonfat dry milk increased 1.25 cents to close at $2.1625 with no loads traded. Class IV futures are 3 cents lower in the nearby contracts to 42 cents higher in the deferred. Butter futures are 1.475 to 2.95 cents higher. Dry whey futures are 0.375 to 1.25 cents higher. Cheese futures are 0.1 cent higher nearby to 0.2 cents lower on the December contract. Nonfat dry milk futures are 0.025 cents lower in October to 7.95 cents higher on the November.
