Both block and barrel cheese prices initially moved lower than where they closed. Blocks gained 0.75 cent closing at $1.80 with 8 loads traded. Price initially declined to $1.7775 before buying interest moved it up from that level. Barrel cheese price declined a penny closing at $1.7950 with 2 loads traded. Price initially declined to $1.79 before buying interest brought it off the lows. This had little impact on Class III futures compared to where they had been prior to spot trading. However, futures have gained strength since spot trading closed due to dry whey price increasing 2.50 cents closing at 64.50 cents with 3 loads traded. Class III futures are 2 cents to 44 cents higher with July showing the greatest gain. Butter price remained unchanged at $1.77 with no loads traded. Grade A nonfat dry milk price increased 3.75 cents ending at $1.29 with 2 loads traded. Class IV futures are 12 cents higher. Butter futures are unchanged to 1.62 cents lower. Dry whey futures are 0.28 cent to 2.55 cents higher.
