Block cheese price initially moved a penny lower on an offer and remained that way until a few seconds before the close of spot trading. There was a trade at $1.79 and them immediately another trade at $1.80, unchanged for the day. Barrel price increased steadily throughout the trading period closing 6.25 cents higher at $1.8050 with 8 loads traded. It has been quite some time since barrels have been above blocks. Butter was not as fortunate with price falling 7.25 cents closing at $1.7975 with 21 loads traded. This is the largest one-day decline since Jan. 26. Grade A nonfat dry milk slipped 0.50 cent closing at $1.23 with 4 loads traded. Dry whey price increased 2.75 cents closing at 70.25 cents with no loads traded. Dry whey continues to add to the strong underlying support of Class III prices. Class III futures are 1 cent to 35 cents higher with September showing the greatest gain. Class IV futures have not yet traded. Butter futures are 0.50 cent to 5.20 cents lower. Dry whey futures are 2.05 cents to 3.08 cents higher. The Global Dairy Trade auction trade weighted average declined 0.1 percent Wednesday
