OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Lower |
| SOYBEANS: | 2 Higher |
| SOYBEAN MEAL: | $0.60 Lower |
| LIVE CATTLE: | $2.25 Higher |
| DOW JONES: | 553 Points Higher |
| NASDAQ: | 459 Points Higher |
| CRUDE OIL: | $0.91 Higher |
MIDDAY MARKET UPDATE:
The block cheese price declined 3.00 cents, closing at $1.62 with six loads traded and one unfilled bid remaining at the close. The barrel cheese price remained unchanged at $1.71 with no loads traded and one uncovered offer remaining at the close. The dry whey price remained unchanged at 63.50 cents with no loads traded. Class III futures are 4 cents higher to 10 cents lower. The butter price increased 1.50 cents, closing at $1.62 with one load traded. There were five unfilled bids and two uncovered offers remaining at the close of spot trading. Grade A nonfat dry milk remained unchanged at $1.1275 with no loads traded. Class IV futures have not yet been traded. Butter futures are showing a wide trading range, with contracts 1.15 cents lower to 2.47 cents higher. Dry whey futures are 0.15 cent lower in January, which is the only contract traded. Cheese futures are 0.50 cent lower to 0.30 cent higher.
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