Block cheese price gained 2 cents closing at $1.9175 with 3 loads traded after Thursday's large increase without any trades. Barrel cheese price remained steady at $1.6525 with 6 loads traded. There was a bit more selling in blocks Friday as price has become attractive to move some product. Reduced aggressiveness by buyers may give the indication that the market may settle down somewhat reducing some of the volatility. However, prices may continue to rise depending on the amount of cheese that needs to be purchased. Butter prices declined a penny to $1.38 with 1 load traded. Grade A nonfat dry milk price slipped 0.50 cent closing at $1.19 with 2 loads traded. Dry whey price remained unchanged at 50 cents with no loads traded. Class III futures are 20 cents lower to 23 cents higher with February showing the greatest gain. Class IV futures have not yet traded. Butter futures have only traded in the February contract with price 1.25 cent higher. Dry whey futures are 0.08 cent lower to 0.40 cent higher.
