| CORN: | 9 Higher |
| SOYBEANS: | 32 Higher |
| SOYBEAN MEAL: | $15.40 Higher |
| LIVE CATTLE: | $0.82 Higher |
| DOW JONES: | 58 Points Higher |
| NASDAQ: | 2 Points Higher |
| CRUDE OIL: | $0.42 Lower |
Block cheese price increased 2.75 cents, closing at $1.8575 with no loads traded. Barrel cheese price increased 1.50 cents, ending at $1.7950 with one load traded. This should have provided some support to Class III futures, but it had little to no impact due to the market having it already factored in and then some. Futures seem to be waiting for cash to catch up again. There is some pressure that has come from the decline of 5.75 cents in butter closing at $2.4825. This took away the gain of the end of the last week and then some, moving price below the level it had fallen last week. Grade A nonfat dry milk price declined 2 cents, ending at $1.821 with three loads traded. Dry whey price increased 0.25 cent, closing at 85.25 cents, with the price increase taking place on an unfilled bid. Class III futures are unchanged to 67 cents lower with March showing the greatest loss. January is 2 cents higher but will cease trading Tuesday. The January Federal Order prices will be announced Wednesday. Class IV futures are 7 to 35 cents lower. Butter futures are 3.50 cents lower to 1.27 cents higher. Dry whey futures are 0.25 to 1.00 cent higher.
