OUTSIDE MARKETS SUMMARY:
| CORN: | 13 Lower |
| SOYBEANS: | 4 Lower |
| SOYBEAN MEAL: | $3.20 Higher |
| LIVE CATTLE: | $1.05 Higher |
| DOW JONES: | 76 Points Higher |
| NASDAQ: | 193 Points Higher |
| CRUDE OIL: | $1.85 Higher |
MIDDAY MARKET UPDATE:
Block cheese price increased 5.25 cents, closing at $2.13 with two loads traded. Barrel cheese price gained 4.50 cents, ending at $2.03 with seven loads traded. There was only an unfilled bid for a load of barrels remaining at the close of spot trading. Butter price gained 2.50 cents, closing at $2.7250 with no loads traded. Grade A nonfat dry milk price slipped 0.25 cent, closing at $1.86 with six loads traded. Dry whey price remained steady at 76 cents with no loads traded. Class III futures are 6 cents lower to 39 cents higher with May showing the greatest gain. Class IV futures are 2 cents lower to 5 cents higher. Butter futures are 0.17 cent lower to 1.60 cents higher. Dry whey futures are 0.05 to 0.65 cent lower. USDA will release the February Milk Production report on Monday.
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