OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Higher |
| SOYBEANS: | 4 Lower |
| SOYBEAN MEAL: | $0.90 Higher |
| LIVE CATTLE: | $1.00 Higher |
| DOW JONES: | 275 Points Higher |
| NASDAQ: | 113 Points Higher |
| CRUDE OIL: | $0.26 Higher |
MIDDAY MARKET UPDATE:
Both block and barrel cheese remained unchanged at $1.3875 and $1.44, respectively. There were no loads traded in either category. The dry whey price remained unchanged at 72.00 cents, with no loads traded. This should have resulted in Class III futures remaining somewhat steady, but contracts are 51 cents lower to 3 cents higher, with the March contract showing the greatest loss. The butter price declined 3.00 cents to close at $1.7050 with 29 loads traded. There were 23 unfilled bids remaining at the close of spot trading, but the buyers were not aggressive. Grade A nonfat dry milk gained 0.25 cent to close at $1.60 with seven loads traded. Class IV futures are 12 cents lower to 20 cents higher. Butter futures are 1.45 cents lower to 1.52 cents higher. Dry whey futures are 0.25 cent lower to 0.50 cent higher. Cheese futures are 0.30-4.50 cents lower.
