Block cheese prices slipped 0.50 cents closing at $1.7950 with 4 loads traded. Barrel cheese price remained unchanged at $1.8050 with no loads traded. There was no interest in doing any business in barrels. There was an unfilled bid a little below the market in blocks. Butter price slipped 0.50 cents ending at $1.7925 with 2 loads traded. Grade A nonfat dry milk price gained a penny ending at $1.24. Dry whey declined 2 cents settling at 68.25 cents with one load traded. The weakness of blocks and dry whey turned Class III futures lower with contracts steady to down 27 cents with the greatest loss in May. Class IV futures are have not yet traded. Butter futures are unchanged to 0.12 cent lower. Dry whey futures are 2.67 cents lower to 0.20 cent higher. USDA will release the March Milk Production report Wednesday afternoon. I estimate milk production to be up 2.1% from March 2020 and cow numbers to be up 2,000 head from the previous month.
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