Block cheese price increased 0.25 cent, closing at $1.6450 with 2 loads traded. Barrel cheese price remained unchanged at $1.42 with 2 loads traded. Although prices did not decline, traders were a bit disappointed that they did not rise as was anticipated. This took a bit of the earlier strength out of the market, moving futures contracts to mixed prices. Front-month December declined after earlier double-digit gains. Butter price declined 2 cents, settling at $1.5150 with 7 loads traded. This ends eight consecutive days of price increase. It could open the way for further price retracement as aggressive buying may be completed for now. Grade A nonfat dry milk price declined 1.25 cents, ending at $1.1375 with one load traded. Dry whey price remained steady at 46.50 with no loads traded. Class III futures are 6 cents lower to 8 cents higher. Class IV futures are 20 cents lower to 1 cent higher. Butter futures are 0.50 to 2.02 cents lower. Dry whey futures are 0.15 cent lower to 0.20 higher.
