OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Lower |
| SOYBEANS: | 9 Lower |
| SOYBEAN MEAL: | $0.50 Lower |
| LIVE CATTLE: | $4.775 Lower |
| DOW JONES: | 1,482 Points Lower |
| NASDAQ: | 1,252 Points Lower |
| CRUDE OIL: | $2.41 Lower |
MIDDAY MARKET UPDATE:
The block cheese price decreased by 1 cent to close at $1.5775 with no loads traded. The barrel cheese price was unchanged at $1.7250 with no loads traded. Dry whey increased 1 cent to close at 86.0 cents with no loads traded. Class III futures are trading 12 to 32 cents lower. The butter price decreased by 0.75 cents, closing at $1.2725 with 22 loads traded. There were 122 bids and 50 offers remaining at the close. Grade A nonfat dry milk increased 2.5 cents to close at $2.2125 with three loads traded. Class IV futures are trading 1 cent higher on the December contract. Butter futures are unchanged to 0.55 cents lower. Dry whey futures are 0.8 cent lower to 0.1 cent higher. Cheese futures are 1.4 to 2.6 cents lower. Nonfat dry milk futures are 0.25 to 1.475 cents higher.
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