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Wall Street woes come to Dairyland

00:00AM Sep 29, 2008
            The crisis on Wall Street stretched all the way to the commodity pits of the Chicago Mercantile Exchange this afternoon, with milk futures crashing an average of 63¢/cwt today.
            October through December 2008 contracts now average $16.23/cwt; those for the first half of 2009 dropped 47¢/cwt and average just $16.  Cash cheese markets also dropped, with barrels down 4.25¢/lb to $1.91/lb. Blocks dipped 3/4¢ to $1.9325. For all the gory details, go to: /files/ddr092908.pdf.
            If there is any good news for dairy producers, grain markets also plunged limit down. December corn contracts were down 30¢/bu to $5.13/bu and November soybeans were down 70¢/bu to $10.94. Go to: http://www.agweb.com/
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