OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Lower |
| SOYBEANS: | 9 Lower |
| SOYBEAN MEAL: | $4.50 Lower |
| LIVE CATTLE: | $0.67 Higher |
| DOW JONES: | 276 Points Lower |
| NASDAQ: | 342 Points Lower |
| CRUDE OIL: | $1.58 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 1.50 cents, closing at $1.6625 with two loads traded. The barrel cheese price remained unchanged at $1.57 with no loads traded. The dry whey price increased 1.50 cents to 66.00 cents with one load traded. Class III futures are mixed with contracts ranging from 10 cents lower to 9 cents higher. The butter price increased 0.75 cent closing at $1.80 with eight loads traded. Grade A price increased 2.50 to close at $1.87 with five loads traded. Class IV futures are mostly higher, with contracts ranging from 1 cent lower to 15 cents higher. Butter futures are steady to 1.15 cents higher. Dry whey futures are 0.17 cent lower to 0.25 cent higher. Cheese futures are 1.10 cents lower to 1.40 cents higher. The February Milk Production report will be released this afternoon.
