OUTSIDE MARKETS SUMMARY:
| CORN: | Unchanged |
| SOYBEANS: | 8 Lower |
| SOYBEAN MEAL: | $6.00 Lower |
| LIVE CATTLE: | $0.47 Higher |
| DOW JONES: | 130 Points Higher |
| NASDAQ: | 187 Points Higher |
| CRUDE OIL: | $0.98 Higher |
MIDDAY MARKET UPDATE:
Cheese prices held for a period of time at the beginning of spot trading with higher offers posted. Eventually, selling pressure increased with offers steadily lowered in trying to find buyers. Block cheese price fell 9.50 cents closing at $1.8350 with one load traded. An unfilled bid remained a penny lower with two uncovered offers way up at $2.00. Barrel cheese price declined 5.50 cents closing at $1.58 with five loads traded. There was an unfilled bid and two uncovered offers remaining. Dry whey price slipped 0.50 cents closing at 32.50 with two loads traded. Class III futures turned from double-digit gains to mixed prices ranging from 8 cents lower to 15 cents higher. Butter price remained unchanged at $2.3225 with no loads traded. Grade A nonfat dry milk price declined 0.50 cent closing at $1.1750. Class IV futures are 1-5 cents higher with trading activity taking place in only February, May, and November contracts. Butter futures are unchanged to 2.47 cents higher. Dry whey futures are unchanged to 0.50 cent higher.
