OUTSIDE MARKETS SUMMARY:
| CORN: | 15 Higher |
| SOYBEANS: | 1 Lower |
| SOYBEAN MEAL: | $1.40 Lower |
| LIVE CATTLE: | $1.62 Higher |
| DOW JONES: | 37 Points Higher |
| NASDAQ: | 18 Points Lower |
| CRUDE OIL: | $1.67 Higher |
MIDDAY MARKET UPDATE:
Block cheese price increased a penny, closing at $1.4175 with six loads traded. Barrel cheese price increased 0.75 cent, closing at $1.4275 with seven loads traded. Dry whey price remained unchanged at 40.25 with no loads traded. The gains were not enough to move Class III milk futures into positive territory. Futures prices range from 1 cent to 16 cents lower. Thankfully, futures are up about 10 cents from their lows of the day.
Butter price increased 0.25 cent, closing at $2.0425 with four loads traded. Grade A nonfat dry milk price remained unchanged at $1.12 with one load traded. Class IV futures have only been traded in the August contract with the price 3 cents lower. Butter futures are 1.87 cents lower to 0.47 cent higher. Dry whey futures are steady to 1.30 cents lower. USDA will release the February Agricultural Prices report today.
