OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Higher |
| SOYBEANS: | 6 Higher |
| SOYBEAN MEAL: | $2.80 Higher |
| LIVE CATTLE: | $0.50 Higher |
| DOW JONES: | 134 Points Higher |
| NASDAQ: | 207 Points Higher |
| CRUDE OIL: | $1.00 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 0.25 cent to close at $1.7375 with no loads traded. The barrel cheese price remained unchanged at $1.74 with no loads traded. The dry whey price remained unchanged at 63.00 with no loads traded. Class III futures are mixed, ranging from 10 cents lower to 7 cents higher. The butter price decreased 1.75, closing at $1.65 with no loads traded and no buyers showing up during spot trading. Grade A nonfat dry milk remained unchanged at $1.15 with no loads traded and no buyers or sellers showing up during trading. Class IV futures have only traded in the February contract at 28 cents lower. Butter futures are 0.52 to 5.25 cents lower. Dry whey futures are unchanged. Cheese futures are unchanged to 0.80 cent lower.
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