OUTSIDE MARKETS SUMMARY:
| CORN: | 9 Higher |
| SOYBEANS: | 29 Higher |
| SOYBEAN MEAL: | $5.60 Higher |
| LIVE CATTLE: | $0.62 Higher |
| DOW JONES: | 257 Points Higher |
| NASDAQ: | 146 Points Higher |
| CRUDE OIL: | $1.14 Higher |
MIDDAY MARKET UPDATE:
Block cheese price declined 7.50 cents, closing at $1.85 with two loads traded. There were six uncovered offers and one unfilled bid remaining at the close. Price has fallen back to the lowest level since March 13. Barrel cheese price declined 6.75 cents, ending at $1.8075 with seven loads traded. Price did decline to $1.8050 before rebounding slightly. There was one unfilled bid and two uncovered offers remaining at the close. Dry whey price increased 0.75 cent, closing at 44.75 with one load traded. Class III futures are 40 cents lower to a penny higher with the greatest loss being in April and the only gain in October. Butter price remained unchanged at $2.3975 with no loads traded. Grade A nonfat dry milk price gained 1.25 cents, closing at $1.16 with two loads traded. Class IV futures again have not yet traded. Butter futures 1.25 cents lower to 0.75 cent higher. Dry whey futures are 0.60 lower to 0.85 cent higher. USDA will release the February Agricultural Prices report providing average prices used in calculating income over feed for the Dairy Margin Coverage program.
