Block cheese price increased 6 cents, closing at $1.6775 with 6 loads traded. Barrel cheese price gained 7.25 cents, closing at $1.5550 with 11 loads traded. Sellers stood in the market, moving product to more aggressive buyers. Sellers did not step back out of the market as much as would have been anticipated. Butter price gained 5.25 cents, closing at $1.4475 with 5 loads traded. Grade A nonfat dry milk price increased 2.75 cents, closing at $1.1750 with 5 loads traded. Dry whey price increased 1.50 cents, closing at 48 cents with one load traded. Class III futures were limit up overnight in some contracts with January through June now limit up. Double-digit gains are seen in all contracts through February 2022. The reason for this is the announcement of another Farmers-to-Families Food Box program with the appropriation of $1.3 billion for food purchases. Traders are reacting due to the impact it had on the market last year. Class III futures are 20 to 75 cents higher. Class IV futures are 40 cents higher. Butter futures are 4.22 to 7.50 cents higher. Dry whey futures are 1.70 to 2.75 cents higher. The Global Dairy Trade Auction trade weighted average increased 3.9% Tuesday.
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