Block cheese price increased 1.75 cents, closing at $1.6150 with 10 loads traded. Barrel cheese price increased 0.50 cent, closing at $1.47 with 10 loads traded. Barrel price initially declined slightly before buyer interest moved it back to positive territory. Traders seemed to anticipate cheese prices would show greater strength. similar to what took place a week ago. Even though prices moved higher, the gain was a bit disappointing. However, most futures are holding well with contracts ranging from 18 cents lower to 22 cents higher. January shows the greatest loss with February showing the greatest gain. Butter price declined 3.25 cents, closing at $1.4925 with no loads traded. Grade A nonfat dry milk price declined 0.50 cent, closing at $1.1425 with no loads traded. Dry whey price remained unchanged at 46.75 with no loads traded. Class IV futures are 5 to 18 cents lower. Butter futures are 0.75 cent lower to 0.05 cent higher. Dry whey futures are 0.20 cent higher.
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