Block and barrel prices remained unchanged at $1.75 and $1.50, respectively. There were offers in each higher than the market with no willing buyers. Butter price increased 3 cents, closing at $1.71 with foour loads traded. This moves price to within 0.50 cent of the recent high. Grade A nonfat dry milk price slipped 0.25 cent, closing at $1.1725 with two loads traded. Dry whey price slipped 0.25 cent to 59.25 cents with one load traded. Class III futures are steady to 8 cents lower. Class IV futures have not yet traded. Butter futures are 0.17 to 1.02 cents higher. Dry whey futures are 0.08 to 0.52 cent lower. Grain futures are taking a hit due to a disappointing World Agricultural Supply and Demand report. It may not turn the trend lower, but it is causing a much-needed retracement of prices to correct an overbought status.
