Block cheese continued to weaken with price down 4.50 cents closing at $1.7150 with just one load traded. Barrel cheese price increased 0.25 cent closing at $1.44 with no loads traded. Butter bounced 3.50 cent closing at $1.70 with one load traded. Butter is poised to move above blocks where it has not been quite some time. This will go a long way in eliminating negative Producer Price Differentials. Grade A nonfat dry milk price increased a penny, settling at $1.15 with one load traded. Dry whey price remained unchanged at 61.25 cents with no loads traded. Class III futures are steady to 11 cents lower. Class IV futures are a penny higher in April, which has been the only contract traded. Butter futures are steady to 1.25 cents higher. Dry whey futures are unchanged to 1.50 cent lower.
