OUTSIDE MARKETS SUMMARY:
| CORN: | 4 Higher |
| SOYBEANS: | 2 Higher |
| SOYBEAN MEAL: | $4.50 Higher |
| LIVE CATTLE: | $0.97 Lower |
| DOW JONES: | 42 Points Lower |
| NASDAQ: | 61 Points Lower |
| CRUDE OIL: | $0.24 Lower |
MIDDAY MARKET UPDATE:
Block cheese price increased by 0.50 cent, closing at $1.6150 with no loads traded and an unfilled bid remaining at the close. Barrel cheese price remained unchanged at $1.67 with no loads traded and an uncovered offer remaining at the close. Dry whey price declined 1.25 cents, closing at 44 cents with three loads trade. Price has now declined 8.25 cents so far this week. Class III futures remain under pressure with contracts ranging from 16 cents lower to 2 cents higher with the only gain seen in the March contract. Butter price declined by 3.50 cents, closing at $2.80 with five loads traded. Grade A nonfat dry milk price gained a penny, closing at $1.19 with two loads traded. Class IV futures have only traded in the March contract with a price 4 cents lower. Butter futures are steady to 3.00 cents lower. Dry whey futures are 0.50 to 2.50 cents lower. USDA will release the February Federal Order class prices Wednesday.
