OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Lower |
| SOYBEANS: | 1 Higher |
| SOYBEAN MEAL: | $7.50 Lower |
| LIVE CATTLE: | $0.70 Higher |
| DOW JONES: | 5 Points Higher |
| NASDAQ: | 142 Points Higher |
| CRUDE OIL: | $3.10 Higher |
MIDDAY MARKET UPDATE:
Block cheese price jumped 14.25 cents, closing at $2.1975 with two loads traded. Barrel cheese price jumped 10 cents, closing at $1.8250 with seven loads traded. All who came to the spot market were satisfied with no unfilled bids or uncovered offers remaining at the close. Dry whey price remained unchanged at 39 cents with no loads traded. Class III futures jumped higher with contracts 1 to 64 cents higher. February shows the greatest gain. Butter price increased 3.75 cents, closing at $2.42 with one load traded. Grade A nonfat dry milk price declined 2 cents, closing at $1.2775 with one load traded. The decline of nonfat dry milk offset the gain of butter in the underlying price calculation. Class IV futures are steady to 25 cents lower. Butter futures are 0.90 cent lower to 2.60 cents higher. Dry whey futures are steady to 0.32 cent higher.
