OUTSIDE MARKETS SUMMARY:
| CORN: | 9 Lower |
| SOYBEANS: | 20 Lower |
| SOYBEAN MEAL: | $11.70 Lower |
| LIVE CATTLE: | $0.37 Higher |
| DOW JONES: | 331 Points Higher |
| NASDAQ: | 324 Points Higher |
| CRUDE OIL: | $0.81 Higher |
MIDDAY MARKET UPDATE:
The block cheese price gained 0.75 cents closing at $1.92 with four loads traded. The barrel cheese price gained 0.50 cent closing at $1.83 with three loads traded. An uncovered offer remained for a load of barrels with no unfilled bids. The dry whey price was unchanged at 75 cents with one load traded. Class III futures are 7 cents lower to 9 cents higher. Trading activity has been moderate with most of the activity in the January and February contracts. The butter price gained 0.75 cent closing at $2.5525 with five loads traded. There were three unfilled bids and three uncovered offers remaining at the close. Grade A nonfat dry milk slipped 0.25 cent closing at $1.3675 with one load traded. Class IV futures have not yet been traded. Butter futures are 2.22 cents lower to 0.10 cent higher.
