OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Lower |
| SOYBEANS: | 1 Higher |
| SOYBEAN MEAL: | $2.50 Lower |
| LIVE CATTLE: | $0.85 Higher |
| DOW JONES: | 61 Points Higher |
| NASDAQ: | 27 Points Higher |
| CRUDE OIL: | $0.28 Higher |
MIDDAY MARKET UPDATE:
Block cheese price slipped 0.25 cent, closing at $1.8375 with one load traded. Barrel cheese decreased by 0.25 cent with no loads traded. Only two uncovered offers were remaining for barrels at the close. Dry whey price remained unchanged at 38.25 cents with no loads traded. Class III futures are 18 cents lower to 11 cents higher. Butter took a hit with the price falling back 5.25 cents, closing at $3.0225 with one load traded. There was one unfilled bid and 4 uncovered offers remaining at the close. Grade A nonfat dry milk price declined by 0.75 cents with one load traded. Class IV futures have only traded in the February contacts with price 2 cents higher. Butter futures are 1.45 to 3.50 cents lower. Dry whey futures are steady to 0.27 cent lower. The Global Dairy Trade auction trade-weighted average increased by 1.8% in Tuesday's event.
