Block cheese price increased 0.75 cent, closing at $1.5825 with four loads traded. This is the first increase of blocks since Jan. 11. Barrel cheese price remained unchanged at $1.39 with one load traded. Butter price declined 3.50 cents, ending at $1.21 with one load traded. Price is down to the lowest level since May 5, 2020; 11 cents from the low set back on April 23, 2020. Grade A nonfat dry milk price declined 2 cents to $1.1525 with three loads traded. Dry whey price remained unchanged at 53.50 cents with no loads traded. Class III futures have not responded very much to the increase of blocks with February showing the only gain with an increase of 11 cents. Other futures contracts are unchanged to 44 cents lower with March posting the greatest loss. Class IV futures are 11 cents lower with very limited trading. Butter futures are 1.47 cents lower to 1.35 cents higher. November and December contracts show the only gains. Dry whey futures are 0.50 to 0.68 cent lower.
