OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Higher |
| SOYBEANS: | 6 Lower |
| SOYBEAN MEAL: | $4.60 Higher |
| LIVE CATTLE: | $0.375 Lower |
| DOW JONES: | 220 Points Lower |
| NASDAQ: | 117 Points Lower |
| CRUDE OIL: | $1.85 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 0.5 cents to close at $1.3900 with four loads traded. The barrel cheese price remained unchanged at $1.4525 with no loads traded. The dry whey price was unchanged, closing at 86.0 cents with no loads traded, holding out just shy of the record. Class III futures are mixed from 3 cents lower to 20 cents higher. The butter price fell 0.5 cents Monday, closing at $1.270 with 18 loads traded. There were 49 unfilled bids and five uncovered offers remaining. Grade A nonfat dry milk increased 0.25 cents to close at $2.27 with five loads traded. Class IV futures are 38 cents higher on the November contract -- the only contract that has been traded so far. Butter futures are 0.325 to 2.25 cents lower. Dry whey futures are unchanged to 0.25 cents higher. Cheese futures are mixed from 0.2 cents lower to 0.5 cents higher. Nonfat dry milk futures are 0.475 to 3.975 cents higher.
