OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Higher |
| SOYBEANS: | 12 Higher |
| SOYBEAN MEAL: | $7.20 Higher |
| LIVE CATTLE: | Unchanged |
| DOW JONES: | 243 Points Higher |
| NASDAQ: | 188 Points Higher |
| CRUDE OIL: | $0.62 Higher |
MIDDAY MARKET UPDATE:
Block cheese price declined 2 cents, closing at $2.04 with no loads traded. Barrel price declined 5.50 cents, closing at $2.0050 with one load traded. There was an uncovered offer remaining in each at the close of trading. Barrels are more available than they had been as buyer interest has decreased with much of the buying for the holidays now having been accomplished. Barrel weakness may lead blocks lower as it did Tuesday. Dry whey price remained unchanged at 44 cents with no loads traded. Class III futures in closer months turned lower contracts 3 to 31 cents lower through January with later contracts steady to 10 cents higher. Butter price declined 3.75 cents, closing at $3.1525 with one load traded. Grade A nonfat dry milk price remained steady at $1.42 with no loads traded. Class IV futures are 11 cents lower to 9 cents higher. Butter futures are 1.22 to 4.00 cents lower. Dry whey futures are unchanged to 1.50 cents lower.
