OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Lower |
| SOYBEANS: | 4 Higher |
| SOYBEAN MEAL: | $3.60 Higher |
| LIVE CATTLE: | $1.15 Lower |
| DOW JONES: | 102 Points Lower |
| NASDAQ: | 36 Points Lower |
| CRUDE OIL: | $0.23 Higher |
MIDDAY MARKET UPDATE:
The block cheese price declined 1.75 cents closing at $1.6025 with nine loads traded. The barrel cheese price declined by 1.50 cents closing at $1.55 with six loads traded. There were unfilled bids and uncovered offers remaining at the close. Class III futures are 16 cents lower to 2 cents higher. The butter price increased by 0.75 cent closing at $2.3025 with 15 loads traded. There were seven unfilled bids with five uncovered offers. Grade A nonfat dry milk price slipped 0.50 cent closing at $1.1450 with nine loads traded. Class IV futures are 6 cents lower with the March contract being the only one traded. Butter futures are 1.30 cents lower to 1.80 cents higher. Dry whey futures are steady to 0.80 cents 0.80 cent higher. USDA will release the February Milk Production report this afternoon.
