Block cheese price increased 1.25 cents, closing at $1.63 with 9 loads traded. Barrel cheese price decreased 0.75 cent, closing at $1.4350 with 5 loads traded. This took a little of the early strength out of Class III futures. Only front-month December is showing a decline of 12 cents. The rest of the contracts are 2 to 20 cents higher. Some of the early strength might have been due to the report that dry ice is used to ship dairy cultures and the demand for dry ice to ship COVID-19 vaccine will be high, which may create a shortage according to the article. This may be far- fetched, but it was something to provide volatility and initiate the "what if" thought process. Obviously, cheese buyers did not react to this. Butter price declined 3.50 cents, closing at $1.4450 with 9 loads traded. Grade A nonfat dry milk price gained a penny, closing at $1.1375 with 3 loads traded. Dry whey price remained unchanged at 46.75 with one load traded. Class IV futures are 8 cents lower to 3 cents higher. Butter futures are 0.75 to 4.00 cents lower. Dry whey futures are unchanged to 0.48 cent lower.
