OUTSIDE MARKETS SUMMARY:
| CORN: | 10 Higher |
| SOYBEANS: | 15 Higher |
| SOYBEAN MEAL: | $0.30 Higher |
| LIVE CATTLE: | $0.70 Higher |
| DOW JONES: | 345 Points Higher |
| NASDAQ: | 52 Points Lower |
| CRUDE OIL: | $0.37 Lower |
MIDDAY MARKET UPDATE:
Block cheese rallied 4.5 cents Thursday, settling at $1.8200, now over 7 cents higher from Wednesday's lows with three loads traded and no bids or offers remaining. The barrel cheese price also increased by a mere 1 cent to close at $1.82 with two loads traded. There were two bids and four offers remaining at the close. Class III Milk futures are holding steady to higher Thursday, with the biggest gains in the February contract of 29 cents, much to the relief of the market after such a poor performance week. Dry whey price had no changes, closing at 70 cents with no loads traded, five bids and one offer remaining unfilled. The butter price declined 1 cent closing at $2.5125 with four loads traded. Grade A nonfat dry milk remained unchanged, closing at $1.3525 with no loads traded. Class IV futures are steady. Butter futures are 16.25 cents to 19.75 cent lower. Dry whey futures are steady to 0.25 cents higher.
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