OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Lower |
| SOYBEANS: | 12 Higher |
| SOYBEAN MEAL: | $0.05 Lower |
| LIVE CATTLE: | $0.85 Higher |
| DOW JONES: | 206 Points Higher |
| NASDAQ: | 5 Points Lower |
| CRUDE OIL: | $0.02 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 2.5 cents, closing at $1.3600 with six loads traded. There were five bids left unfulfilled at the close. The barrel cheese price remained unchanged at $1.3575 with no loads traded. The dry whey price remained steady at 73.50 cents with no loads traded. Class III futures are 4 to 11 cents higher. The butter price increased 5.00 cents, closing at $1.46 with 12 loads traded. This makes 10 cents higher so far with only two trading days this week. Grade A nonfat dry milk remained unchanged closing at $1.26 with no loads traded. Class IV futures are trading 3.3 cents lower on the March contract. Butter futures are 4 cents to 6.6 cents higher. Dry whey futures are 0.2 cents to 0.45 cent lower. Cheese futures are 0.60 cent to 0.80 cents higher.
