OUTSIDE MARKETS SUMMARY:
| CORN: | 10 Higher |
| SOYBEANS: | 17 Higher |
| SOYBEAN MEAL: | $3.70 Higher |
| LIVE CATTLE: | $0.12 Lower |
| DOW JONES: | 31 Points Lower |
| NASDAQ: | 68 Points Lower |
| CRUDE OIL: | $0.24 Higher |
MIDDAY MARKET UPDATE:
Block cheese price declined a penny closing at $1.90 with one load traded. Barrel cheese price declined 3.75 cents closing at $1.5525 with two loads traded. There were two uncovered offers for blocks remaining at the close Those who came to purchase barrels went home satisfied. Dry whey price declined a penny closing at 44.75 with one load traded. Class III futures are steady to 24 cents lower with March showing the greatest pressure. Butter price fell 7 cents closing at $2.38 taking back what was gained since last week. Grade A nonfat dry milk price slipped 0.25 cent ending at $1.1775 with one load traded. Class IV futures have not yet traded with wide bids and offers posted. Butter futures are 3.50-6.45 cents lower. Dry whey futures have not yet traded. USDA will release the February Federal Order class prices today.
