OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Lower |
| SOYBEANS: | Unchanged |
| SOYBEAN MEAL: | $4.70 Lower |
| LIVE CATTLE: | $0.12 Lower |
| DOW JONES: | 718 Points Higher |
| NASDAQ: | 134 Points Higher |
| CRUDE OIL: | $2.98 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased a penny to close at $1.64 with three loads traded. The barrel cheese price remained unchanged at $1.6150 with no loads traded. The dry whey price declined a penny, closing at 69.75 with two loads traded. Class III futures are 15 cents lower to 3 cents higher. The butter price decreased 2.50 cents, closing at $1.6250 with 20 loads traded. There have been 71 loads traded so far this week. The price moved below the previous low and the lowest price since Feb. 9. Grade A nonfat dry milk decreased 0.75 cent to close at $2.25 with one load traded. Class IV futures are 8-31 cents lower. Butter futures are 3.15 cents lower to 0.47 cent higher. Dry whey futures are 0.65–2.97 cents lower. Cheese futures are 0.10 cent lower to 0.50 cent higher. The March Agricultural Prices report will be released this afternoon. The report will not influence the market.
