OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Lower |
| SOYBEANS: | 6 Higher |
| SOYBEAN MEAL: | $0.25 Lower |
| LIVE CATTLE: | $1.125 Lower |
| DOW JONES: | 478 Points Lower |
| NASDAQ: | 802 Point Lower |
| CRUDE OIL: | $2.71 Higher |
MIDDAY MARKET UPDATE:
The block cheese price decreased by 13.75 cents to close at $1.5975 with three loads traded. There were two bids and two offers left at the close. The barrel cheese price was unchanged at $1.7250 with no loads traded. Dry whey increased by 2 cents closing at 84.0 cents with two loads traded. Class III futures are 8 to 29 cents lower. The butter price increased by 3.75 cents, closing at $1.3575 with 11 loads traded. Grade A nonfat dry milk increased 2.5 cents to close at $2.1125 with no loads traded. There were 10 bids and five offers left at the close. Class IV futures have not yet traded Friday. Butter futures are 0.1 to 2.2 cents higher. Dry whey futures are 0.125 to 0.875 cents lower. Cheese futures are 0.6 to 2.3 cents lower. Nonfat dry milk futures are 2.85 to 4.25 cents higher with expanded 8 cent limits Friday.
