| CORN: | 6 Lower |
| SOYBEANS: | 6 Lower |
| SOYBEAN MEAL: | $2.40 Lower |
| LIVE CATTLE: | $0.07 Higher |
| DOW JONES: | 59 Points Lower |
| NASDAQ: | 26 Points Higher |
| CRUDE OIL: | $0.26 Lower |
The block cheese price increased 2 cents, closing at $1.64 with one load traded. The barrel cheese price increased 0.50 cent, closing at $1.6350 with two loads traded. The dry whey price increased a penny, closing at 51.00 cents with one load traded. The strength did little to support futures with mixed prices nearby. Traders are interested in purchasing deferred contracts for the long term in anticipation of strong milk prices due to lower milk prices possibly curtailing milk production. Class III milk futures are 1 cent higher to 17 cents lower. The butter price declined 1.25 cents, closing at $2.3175 with 27 loads traded. Grade A nonfat dry milk declined 0.25 cent with one load traded. Class IV futures are 4 cents lower to 3 cents higher. Butter futures are 1.12 cents lower to 0.97 cent higher. Dry whey futures are 0.50 to 0.72 cent higher. The February Cold Storage report will be released this afternoon.
