OUTSIDE MARKETS SUMMARY:
| CORN: | Unchanged |
| SOYBEANS: | 3 Lower |
| SOYBEAN MEAL: | $3.70 Lower |
| LIVE CATTLE: | $1.70 Higher |
| DOW JONES: | 127 Points Lower |
| NASDAQ: | 16 Points Lower |
| CRUDE OIL: | $10.83 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased 3.50 cents to close at $1.6725 with three loads traded. The barrel cheese price remained unchanged at $1,5925 with no loads traded. The dry whey price remained unchanged at 68.75 with no loads traded. Class III futures are 3-19 cents higher. The butter price increased 3.75 cents, closing at $1.7900 with 21 loads traded. Grade A nonfat dry milk increased 3.50 cents to close at $1.9725 with two loads traded. Class IV futures are 13 cents lower to 12 cents higher. Butter futures are 0.35 to 2.92 cents higher. Dry whey futures are unchanged to 0.50 cent lower. Cheese futures are 0.70 to 2.40 cents higher. Trading will close at 1.55 p.m. CDT today. The USDA will release the February Dairy Products report this afternoon.
