OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Higher |
| SOYBEANS: | 12 Higher |
| SOYBEAN MEAL: | $0.80 Lower |
| LIVE CATTLE: | $4.72 Lower |
| DOW JONES: | 639 Points Lower |
| NASDAQ: | 285 Points Lower |
| CRUDE OIL: | $1.68 Higher |
MIDDAY MARKET UPDATE:
The block cheese price declined 0.75 cent to close at $1,.5225 with no loads traded. The barrel cheese price remained unchanged at $1.56 with no loads traded. The dry whey price slipped 0.50 cent to close at 63.25 cents with one load traded. Class III futures are 10 cents lower to 17 cents higher. The March contract shows the only loss across the board. The butter price declined 2.00 cents, closing at $1.84 with 12 loads traded. Grade A nonfat dry milk remained steady at $1.71 with one load traded. Class IV futures are 7 cents lower to 15 cents higher. Butter futures are 2.10 cents lower to 1.02 cent higher. Dry whey futures are 1.00 cents lower to 0.97 cent higher. Cheese futures are 0.5 cents lower to 1.60 cents higher. USDA will release the January Agricultural Prices report this afternoon, with prices used in calculating income over feed for the Dairy Margin Coverage program.
