OUTSIDE MARKETS SUMMARY:
| CORN: | 7 Lower |
| SOYBEANS: | 10 Lower |
| SOYBEAN MEAL: | $0.39 Lower |
| LIVE CATTLE: | $1.375 Higher |
| DOW JONES: | 15 Points Lower |
| NASDAQ: | 330 Points Lower |
| CRUDE OIL: | $1.51 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 4.75 cents to close at $1.73 with 3 loads traded. The barrel cheese price increased 2 cents to close at $1.6400 with no loads traded. The dry whey price set is unchanged at the all-time high price of 89.5 cents. There were no loads traded. Class III futures are 7 to 41 cents higher. The butter price closed 2 cents higher at $1.3850 with 1 load traded. A nonfat dry milk increased 3.75 cents to close at $2.200 with 3 loads traded. Class IV futures are 40 cents to 69 cents higher in the deferred. contracts. Butter futures are 0.5 to 2.425 cents higher. Dry whey futures are unchanged. Cheese futures are 0.8 to 3.8 cents higher. Nonfat dry milk futures are 2.90 to 8 cents higher.
