Block cheese price declined 4.50 cents closing at $1.76 with no loads traded. Blocks have fallen during the past two days on offers with no buyers to be found. Barrel cheese price declined 4 cents closing at $1.68 with 2 loads traded and an offer for a load remaining at the close of trading. This put further pressure on Class III futures, but a large part of the pressure stemmed from the announcement that the Farm to Families Food Box program was being cancelled. According to the Secretary of Agriculture, Tom Vilsack, it is not going to be replaced. This struck a blow to the market. Class III futures are 4 cents to 75 cents lower with June posting the limit loss. Butter price declined 1.75 cents closing at $1.8775 with 6 loads traded. Grade A nonfat dry milk remained unchanged at $1.2050 with no loads traded. Dry whey price remained steady at 66 cents with no loads traded. Class IV futures are 29 cents to 38 cents lower. Butter futures are 0.10 cent to 4.95 cents lower. Dry whey futures are 0.10 cent to 1.40 cents lower.
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