OUTSIDE MARKETS SUMMARY:
| CORN: | 4 Lower |
| SOYBEANS: | 3 Lower |
| SOYBEAN MEAL: | $2.60 Lower |
| LIVE CATTLE: | $4.00 Higher |
| DOW JONES: | 292 Points Higher |
| NASDAQ: | 342 Points Higher |
| CRUDE OIL: | $0.35 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 6.25 cents, closing at $1.6025 with two loads traded. The barrel cheese price increased 2.00 cents, closing at $1.57 with no loads traded. The dry whey price increased 0.25 cent to close at 63.00 cents. Class III futures are steady to 18 cents higher. The butter price fell 11.75 cents to close at $2.02 with 21 loads traded. There were 28 unfilled bids and one uncovered offer remaining at the close. Grade A nonfat dry milk decreased 0.75 cent to close at $1.6550 with eight loads traded. Class IV futures are 17-23 cents lower. Butter futures are steady to 6.50 cents lower. Dry whey futures are 0.50 cent lower to 1.50 cents higher. Cheese futures are 0.60-2.30 cents higher. The February Federal Order class prices will be announced today.
