OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Lower |
| SOYBEANS: | 7 Lower |
| SOYBEAN MEAL: | $0.90 Lower |
| LIVE CATTLE: | $0.55 Lower |
| DOW JONES: | 170 Points Lower |
| NASDAQ: | 13 Points Higher |
| CRUDE OIL: | $0.16 Lower |
MIDDAY MARKET UPDATE:
The block cheese price declined a penny closing at $1.87 with one load traded. The barrel cheese price increased by 0.25 cent closing at $1.7950 with no loads traded. The dry whey price remained steady at 53.50 cents with no loads traded. Class III futures are mixed with the February through May contracts higher and later contracts lower. The butter price slipped a penny closing at $2.3350 with 26 loads traded. Grade A nonfat dry milk increased 0.75 cents closing at $1.2075 with six loads traded. Class IV futures are 10 to 14 cents lower. Butter futures are 0.05 to 4.00 cents lower. Dry whey futures are unchanged to 0.57 cent lower. The USDA will release the January Cold Storage report Wednesday afternoon.
