Block cheese price increased 3.25 cents, closing at $1.57, with two loads traded. Barrel cheese price remained unchanged at $1.4125 with no loads traded. Butter declined 4 cents, closing at $1.51, with no loads traded. There was a bid placed at $1.50 with no interest by the buyer to raise that bid. The seller continued to offer the price lower in the attempt to sell a load, but to no avail. After six consecutive days of increase with price gaining 28 cents, it came to a halt Monday. It is unclear whether this could be the beginning of the end of the trend higher or if it is just a correction in a bullish market. Grade A nonfat dry milk price increased $0.50, closing at $1.0925, with two loads traded. Dry whey price remained steady at 54.75 cents with no loads traded. Class III futures are 3-10 cents higher. Class IV futures have not yet traded. Butter futures are 2.95 cents lower to 0.65 cent higher. Dry whey futures are 0.22 cent lower to 0.65 cent higher.
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