OUTSIDE MARKETS SUMMARY:
| CORN: | 6 Higher |
| SOYBEANS: | 11 Higher |
| SOYBEAN MEAL: | $2.30 Lower |
| LIVE CATTLE: | $0.65 Higher |
| DOW JONES: | 396 Points Higher |
| NASDAQ: | 389 Points Higher |
| CRUDE OIL: | $0.63 Higher |
MIDDAY MARKET UPDATE:
The block cheese price fell 6 cents, closing at $1.70 with five loads traded. There were two unfilled bids and two uncovered offers remaining at the close. The barrel cheese price fell 9.50 cents with one load traded. There was one unfilled bid and two uncovered offers remaining. Buyers stepped back as milk production exceeded a year ago and may continue to do so. The dry whey price increased a penny, closing at 51 cents with no loads traded. Class III futures are 5 cents higher to 35 cents lower, with April hosing the only gain. The butter price remained unchanged at $2.3250 with no loads traded. Grade A nonfat dry milk increased 0.50 cent, closing at $1.1875 with 10 loads traded. Class IV futures have not yet been traded. Butter futures are 1.37 cents lower to 1.97 cents higher. Dry whey futures are 2.00 cents lower to 1.50 cents higher. USDA will release the March Cold Storage and Livestock Slaughter reports Thursday afternoon.
