Block cheese price declined 5.50 cents closing at $1.8050 with no loads traded. The aggressive buying that had been seen for a period was suddenly nowhere to be found with sellers pushing price lower. Barrel cheese price declined 4.50 cents with 9 loads traded. Once buyer interest was satisfied, the price had nowhere else to go but lower. Price initially did go down to $1.7175 but was able to recover slightly. Butter price slipped a penny to $1.8950 with 3 loads traded. Similar to barrels, price initially declined to $1.89 before trimming the loss. Grade A nonfat dry milk price declined a penny to $1.2050 with 3 loads traded. Dry whey price posted the only gain with that gain being a penny, moving price back to 66 cents with one load traded. Class III futures are being hit hard with contracts unchanged to 56 cents lower. May is taking the brunt of the selling as one would expect with a loss of 52 cents. Class IV futures are 4 cents to 24 cents lower. Butter futures are 1.50 cents lower to 2.27 cents higher. Dry whey futures are 0.15 cent to 0.98 cent higher.
