Spot cheese prices ended with opposing results. Block cheese price closed down a penny at $1.7375 with two loads traded. Barrel cheese price moved up 0.25 cent to $1.4825, but with no loads traded. Butter price moved lower after several consecutive trading sessions of positive movements. Butter fell back 0.50 cent to $1.8175 with eight loads traded. Grade A nonfat dry milk price gained 0.50 cent to close at $1.1850 with three loads traded. Dry whey price jumped 3 cents to push the spot market price higher once again. Dry whey closed at $0.66 with three loads traded. Tomorrow is the last trading day of the week, as dairy markets will be closed on Friday. Class III futures are mostly higher, with the strongest gains in the front months. Class III futures are 2 lower to 35 higher. Class IV futures are not worried about the small decline in spot butter prices Wednesday as more than a few contract months are pushing stronger gains. Class IV futures are unchanged to 26 higher. Butter futures are 0.33 cents to 3 cents higher. Dry whey futures are unchanged to 1.20 cents higher.
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