OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Lower |
| SOYBEANS: | 1 Lower |
| SOYBEAN MEAL: | $2.10 Lower |
| LIVE CATTLE: | $0.02 Higher |
| DOW JONES: | 159 Points Higher |
| NASDAQ: | 231 Points Higher |
| CRUDE OIL: | $2.85 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 5.00 cents, closing at $1.50 with two loads traded. The barrel cheese price increased 2.00 cents, closing at $1.4700 with no loads traded. The dry whey price remained unchanged at 74.00 cents with no loads traded. The strength in cheese pushed the March, April, and May contracts limit up with a pool of traders wanting to buy to either get into the market or more likely to liquidate short positions, but are unable to do so as they are unable to trade. Class III futures are 2-75 cents higher. The butter price remained unchanged at $1.7050 with no loads traded. Grade A nonfat dry milk increased 0.75 cent to close at $1.5975 with two loads traded. Class IV futures are 5-25 cents higher. Butter futures are 2.05-5.37 cents higher. Dry whey futures are 0.02 cent lower to 0.72 cent higher. Cheese futures are 0.50-7.50 cents higher.
