OUTSIDE MARKETS SUMMARY:
| CORN: | 11 Lower |
| SOYBEANS: | 21 Lower |
| SOYBEAN MEAL: | $1.30 Lower |
| LIVE CATTLE: | $0.15 Higher |
| DOW JONES: | 512 Points Higher |
| NASDAQ: | 408 Points Higher |
| CRUDE OIL: | $7.05 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 3.00 cents to close at $1.6600. There were eleven loads traded. The barrel cheese price remained unchanged at $1.6150 with no loads traded. The dry whey price increased 0.50 cent to close at 70.00 cents with one load traded. The gain in blocks supported Class III futures with contracts 6-31 cents higher. The butter price increased by 3.00 cents to close at $1.64 with four loads traded. Grade A nonfat dry milk increased a penny to $2.2925 with two loads traded and setting another new record high. Class IV futures are 12-56 cents higher. Butter futures are 0.87 cent lower to 5.17 cents higher. Dry whey futures are 0.32-1.42 cents higher. Cheese futures are 0.50-2. 80 cents higher. The March Dairy Products report will be released today and is expected to show higher output than a year ago.
