OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Higher |
| SOYBEANS: | 6 Lower |
| SOYBEAN MEAL: | $1.30 Higher |
| LIVE CATTLE: | $4.35 Lower |
| DOW JONES: | 108 Points Lower |
| NASDAQ: | 105 Points Higher |
| CRUDE OIL: | $0.90 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased a penny, closing at $1.6825 with no loads traded. The barrel cheese price remained unchanged at $1.68 with no loads traded. There were four unfilled bids for loads of blocks remaining at the close with no uncovered offers. There was an unfilled bid and an uncovered offer remaining at the close, with no interest in moving prices to accomplish business. The dry whey price remained steady at 53.25 cents with no loads traded. Class III futures are one cent lower to 26 cents higher. The butter price remained unchanged at $2.4725 with no loads traded. There was an uncovered offer posted at $2.48 with no buyers showing up to do any business. Grade A nonfat dry milk remained unchanged at $1.29 with two loads traded. Class IV futures have only shown trading activity in the February contract at 15 cents lower. Butter futures are 1.00 cent lower to 1.82 cents higher. Dry whey futures are 0.07 to 0.50 cent lower. Cheese futures are 0.40 cent lower to 2.30 cents higher.
