Block cheese price increased 0.50 cent, closing at $1.64 with one load traded. Barrel cheese price increased 1.50 cents, closing at $1.5075 with one load traded. There was only one unfilled bid remaining at the close of trading and that was for a load of blocks at the closing price. The good news is that cheese continues to slowly increase. The bad news is that it is having limited effect on milk futures. Butter took a hit with price declining 4.50 cents, closing at $1.4475 with no loads traded. Price has fallen back to the lowest level since Dec. 14. Grade A nonfat dry milk increased 0.50 cent, closing at $1.14 with one load traded. Dry whey price remained unchanged at 46.75 with no loads traded. Class III futures are 22 cents lower to 5 cents higher. January posts the largest decline. Class IV futures have not yet traded. Butter futures are 0.50 to 2.00 cents lower. Dry whey futures are 0.10 cent lower. USDA will release the December Federal Order class prices as well as the November Agricultural Prices report Wednesday.
