OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Higher |
| SOYBEANS: | 5 Higher |
| SOYBEAN MEAL: | $1.20 Higher |
| LIVE CATTLE: | $3.75 Lower |
| DOW JONES: | 16 Points Higher |
| NASDAQ: | 30 Points Higher |
| CRUDE OIL: | $0.49 Higher |
MIDDAY MARKET UPDATE:
Both the block and barrel prices remained unchanged at $1.29 and $1.3775 respectcively with no loads traded in either category. The dry whey price increased 1.50 cents to close at 73.50 cents with two loads traded. Class III futures are steady to 10 cents higher. The butter price increased 4.00 cents to close at $1.3550 with four loads traded. Grade A nonfat dry milk increased 0.75 cent to close at $1.2550 with two loads traded. Class IV futures have not yet been traded. Butter futures are 1.47 cents lower to 3.00 cents higher. Traders remain bearish and unwilling to push futures higher despite the gains in butter and nonfat dry milk. Dry whey futures are 0.50 cent lower to 1.50 cents higher. Cheese futures are 0.10 lower to 0.70 cent higher. The markets will be closed on Monday in observance of Martin Luther King Jr. Day.
