| CORN: | 40 Higher |
| SOYBEANS: | 67 Higher |
| SOYBEAN MEAL: | $9.90 Higher |
| LIVE CATTLE: | $0.50 Lower |
| DOW JONES: | 353 Points Lower |
| NASDAQ: | 27 Points Lower |
| CRUDE OIL: | $5.11 Higher |
Block cheese price increased 4.50 cents, closing at $1.99 with two loads traded. Barrel cheese price increased 3.50 cents, closing at $1.9350 with two loads traded. Price initially moved to $1.95 before selling pressure moved it off the high and an offer, setting the closing price. This took some of the exuberance out of the market with futures coming off the highs by a significant amount. Dry whey price declined 2 cents, closing at 76 cents with one load traded. Butter price increased 4.25 cents, closing at $2.63 with one load traded. Grade A nonfat dry milk declined a penny, closing at $1.85 with no loads traded. Class III futures are 13 cents lower to 29 cents higher. Class IV futures are 13 to 33 cents higher. Butter futures are steady to 5.73 cents higher. Dry whey futures are 0.25 to 0.90 cent higher. USDA will release the January Agricultural Prices report today, providing the average prices used to calculate income over feed for the Dairy Margin Coverage program.
