OUTSIDE MARKETS SUMMARY:
| CORN: | 6 Lower |
| SOYBEANS: | 16 Lower |
| SOYBEAN MEAL: | $3.00 Lower |
| LIVE CATTLE: | $2.17 Higher |
| DOW JONES: | 116 Points Higher |
| NASDAQ: | 7 Points Higher |
| CRUDE OIL: | $2.20 Lower |
MIDDAY MARKET UPDATE:
Block cheese price increased 5 cents, closing at $1.55 with 14 loads traded. There were seven unfilled bids and one uncovered offer remaining at the close. It seemed as if sellers were ready to sell at the $1.55 level as that is where most of the trading activity took place. Sellers felt that was a good level to move product. Barrel cheese price increased by 0.50 cent, closing at $1.6150 with four loads traded. Two unfilled bids and two uncovered offers remained. Dry whey price increased by 0.75 cent, closing at 52.25 cents with no loads traded. Class III futures are 5 cents lower to 19 cents higher. Butter price increased 3.75 cents, closing at $2.85 with three loads traded. Grade A nonfat dry milk price increased by 0.25 cent, closing at $1.20 with no loads traded. Class IV futures have only had activity in the April contract with the price 23 cents higher. Butter futures are steady to 3 cents higher. Dry whey futures are 0.50 to 1.00 cents higher. USDA will release the January Cold Storage report this afternoon.
