Midday Market Update: Both block and barrel cheese prices remained unchanged at $1.7325 and $1.5075 respectively. There were no loads traded. Butter price increased 0.25 cents closing at $1.6925 with 5 loads traded. Price initially declined as much as 1.75 cents before price came back to close slightly higher. Grade A nonfat dry milk price remained unchanged at $1.1775 with one load traded. Dry whey increased 1.50 cents closing at 59.50 cents with no loads traded. This is the highest dry whey price has been since whey futures began trading on March 14, 2018. This provides support to the Class III futures complex. Class III futures are 3 cents to 12 cents higher. Class IV futures are 2 cents higher. Butter futures 0.80 cent lower to 0.35 cent higher. Dry whey futures are 0.30 cent lower to 0.88 cent higher.
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