Block cheese price increased 0.25 cent closing at $1.8050 with 1 load traded. Barrel cheese price gained 1.50 closing at $1.8125 with 3 loads traded. Butter price gained 0.75 cent ending at $1.8050 moving slightly above blocks again. There was one load traded. Grade A nonfat dry milk remained unchanged at $1.31 with no loads traded. Dry whey price increased 1.50 cents closing at 67.50 cents with 1 load traded. Dry whey is trying to regain the loss of last week. Class III futures are 2 cents lower to 25 cents higher with August showing the greatest gain. Class IV futures are 2 cents to 15 cents higher. Butter futures are 0.50 cent lower to 0.30 cent higher. Dry whey futures are 0.68 cent lower to 0.73 cent higher. Grain futures are diverging with old-crop futures higher while new-crop futures are lower. This is causing some confusion as to what this could mean for milk prices as the year progresses.
