OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Lower |
| SOYBEANS: | 5 Higher |
| SOYBEAN MEAL: | $0.50 Higher |
| LIVE CATTLE: | $0.82 Higher |
| DOW JONES: | 101 Points Higher |
| NASDAQ: | 132 Points Lower |
| CRUDE OIL: | $3.93 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 1.50 cents to close at $1.5975 with 10 loads traded. The barrel cheese price remained unchanged at $1.5650 with no loads traded. The dry whey price remained unchanged at 69.00 cents with no loads traded. Class III futures are 17 cents lower to 5 cents higher. The butter rice remained unchanged at $1.8250 with no loads traded. Grade A nonfat dry milk increased 0.75 cent to close at $1.9300 with two loads traded. Class IV futures are 12-21 cents lower with trading confined to the May, June and July contracts. Butter futures are steady to 4.00 cents lower. Dry whey futures are 0.22 cent lower to 1.02 cents higher. Cheese futures are 1.10 cents lower to 0.30 cent higher. USDA will release the February Agricultural Prices report this afternoon.
