Block cheese price declined 4.25 cents, closing at $1.61, with eight loads traded. Barrel cheese price increased 0.25 cent, closing at $1.3925, with eight loads traded. Both blocks and barrels closed above their lows that were set during spot trading. Blocks closed a penny off their lows, while barrels closed 0.25 cent off the lows. Barrels were also 0.25 cent off their highs. The movement of cheese prices was not detrimental to Class III milk futures, as contracts are mostly higher. Futures are 1-18 cents higher with March showing the greatest gain. Butter price remained unchanged at $1.4025 during spot trading. No buyers or sellers showed up to do any business. Grade A nonfat dry milk price declined a penny to $1.1725 with 11 loads traded. Dry whey price remained unchanged at 54 cents with one load traded. Class IV futures are 5 cents higher. Butter futures are 1.50 cents lower to 1 cent higher. Dry whey futures are unchanged to 0.10 cent lower. Grain futures are falling out of bed as the weather forecast shows some beneficial rains in South America and funds continue to liquidate.
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