OUTSIDE MARKETS SUMMARY:
| CORN: | 4 Lower |
| SOYBEANS: | 5 Lower |
| SOYBEAN MEAL: | $1.70 Higher |
| LIVE CATTLE: | $0.60 Higher |
| DOW JONES: | 437 Points Higher |
| NASDAQ: | 389 Points Higher |
| CRUDE OIL: | $2.16 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 2.25 cents, closing at $1.6375 with 2 loads traded. The barrel cheese price remained unchanged at $1.5925 with no loads traded. There were 3 unfilled bids in blocks and 1 unfilled bid in barrels, with no remaining offers in either at the close of spot trading. The dry whey price slipped 0.25 cent to close at 68.75 cents with no loads traded. Class III futures are 3 cents lower to 27 cents higher. Butter showed further weakness, posting a decline of 2.25 cents to $1.7525 with 14 loads traded. Butter remains unable to find support as sellers continue to move supplies even at reduced prices. Grade A nonfat dry milk slipped 0.25 cent to close at $1.9375 with no loads traded. Class IV futures are 17 cents lower to 2 cents higher. Butter futures are 1.00-3.87 cents lower. Dry whey futures are 0.02 cent lower to 0.65 cent higher. Cheese futures are 0.30 cent lower to 2.40 cents higher. The March Federal Order class prices will be announced Wednesday afternoon.
