OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Higher |
| SOYBEANS: | 5 Lower |
| SOYBEAN MEAL: | $2.00 Lower |
| LIVE CATTLE: | $2.07 Higher |
| DOW JONES: | 255 Points Higher |
| NASDAQ: | 397 Points Higher |
| CRUDE OIL: | $6.52 Lower |
MIDDAY MARKET UPDATE:
The block cheese price decreased 0.75 cent to close at $1.5750 with four loads traded. The barrel cheese price remained unchanged at $1.5750 with no loads traded. The dry whey price remained unchanged at 71.00 cents with no loads traded. Class III futures were mixed after spot trading was finished, but slowly began to uncover buying interest, leaving only the April contract in negative territory. Futures trading volume remains light. The butter price increased 4.50 cents to close at $1.79 with 23 loads traded. Grade A nonfat dry milk increased 0.75 cent to close at $2.14 with one load traded. The market has yet to find buyer resistance. Class IV futures are 20-40 cents higher. Butter futures are 0.50 cent lower to 2.82 cents higher. Dry whey futures are 0.07 cent lower to 0.75 cent higher. Cheese futures are 0.80 cent lower to 0.80 cent higher.
