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 increased by 0.25 cents to close at $1.60 with no loads traded. The barrel cheese price was unchanged at $1.7250 with no loads traded. Dry whey was unchanged at 84.0 cents with no loads traded. Class III futures are 22 to 34 cents higher. The butter price decreased by 2.5 cents, closing at $1.3325 with 11 loads traded. There were 25 bids and 10 offers remaining at the close. Grade A nonfat dry milk increased 1.25 cents to close at $2.1250 with no loads traded. There were 5 bids and 3 offers left at the close. Class IV futures have not yet been traded today. Butter futures are 2.75 to 6.125 cents lower. Dry whey futures are 0.85 to 1.25 cents higher. Cheese futures are 0.6 to 2.3 cents lower. Nonfat dry milk futures are 0.95 to 4.4 cents higher.
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