OUTSIDE MARKETS SUMMARY:
| CORN: | 4 Higher |
| SOYBEANS: | 7 Lower |
| SOYBEAN MEAL: | $0.80 Lower |
| LIVE CATTLE: | $0.97 Lower |
| DOW JONES: | 78 Points Higher |
| NASDAQ: | 223 Points Lower |
| CRUDE OIL: | $2.21 Higher |
MIDDAY MARKET UPDATE:
The block cheese price remained steady at $1.6350 with no loads traded. The barrel cheese price declined a penny, closing at $1.6250 with no loads traded. There were no unfilled bids and one uncovered offer remaining for barrels. The dry whey price remained steady at 50 cents with no loads traded. Class III futures are 13 cents lower to 3 cents higher. The butter price declined a penny, closing at $2.34 with one load traded. There were no unfilled bids and two uncovered offers remaining. Grade A nonfat dry milk remained steady at $1.1625 with no loads traded. Class IV futures have not yet been traded. Butter futures are 1.10 cents lower to 1.00 cents higher. Dry whey futures are steady to 0.32 cents lower. The Prospective Plantings report showed potential corn acres up nearly 5 million acres (ma) more than last year at 95.326 ma. Soybean acres are about 3.5 ma lower than last year at 83.495 ma. USDA will release the February Agricultural Prices report this afternoon.
