Midday Market Update: Block cheese continues to slide with price down 4.50 cents Wednesday closing at $1.67 with just one load traded. There was an unfilled bid at the closing price and an uncovered offer 2 cents higher at the close of spot trading. Barrel cheese price remained unchanged at $1.44 with no loads traded. The weakness of blocks put further pressure on Class III futures with contracts unchanged to 28 cents lower with trading activity rather light. Butter price increased 2.25 cents closing at $1.7225 with 3 loads traded. This moves price above blocks where it has not been for quite some time. Grade A nonfat dry milk remained unchanged at $1.15 with 2 loads traded. Dry whey price increased 1.50 cents settling at 62.75 with 2 loads traded. Class IV futures are 13 cents higher. Butter futures are steady to 2.00 cents higher. Dry whey futures are 0.08 cent to 0.57 cents higher.
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