OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Higher |
| SOYBEANS: | 1 Lower |
| SOYBEAN MEAL: | $0.60 Lower |
| LIVE CATTLE: | $0.50 Higher |
| DOW JONES: | 27 Points Lower |
| NASDAQ: | 29 Points Higher |
| CRUDE OIL: | $1.48 Higher |
MIDDAY MARKET UPDATE:
Block cheese price increased 4 cents, closing at $1.59 with five loads traded. There was one uncovered offer remaining at the close. Barrel cheese price increased by 5.5 cents, closing at $1.67 with seven loads traded. Two unfilled bids and three uncovered offers remained. Dry whey price decreased by 2.5 cents, closing at 49.75 cents with one load traded. Class III futures are 5 cents to 23 cents higher. Butter price remained steady, closing at $2.85 with eight loads traded. Grade A nonfat dry milk price decreased by 0.25 cent, closing at $1.1975 with four loads traded. Class IV futures have not traded other than the expiring February contract at 5 cents lower. Butter futures are 20 cents lower to 2.30 cents higher. Dry whey futures are 0.5250 cents lower to 0.40 cents higher. USDA will release the January Cold Storage report Monday afternoon.
