Block cheese price declined 1.25 cents closing at $1.7475 with 7 loads traded. Price initially declined to $1.73 before buyers became more aggressive trying to take advantage of the lower price. Barrel cheese price declined 4.75 cents closing at $1.7275 with 2 loads traded. Price initially declined to $1.7075 at which point buyers stepped back into the market. Class III milk futures range from 19 cents lower to 3 cents higher. The gain is in 2022 contracts. All 2021 contracts are lower but have been able to hold well in spite of the declines. The idea being that there may be support under the market limiting weakness. Butter price increased 2.25 cents closing at $1.77 with 3 loads traded. Grade A nonfat dry milk price declined 2.25 cents closing at $1.3225 with 6 loads traded. Dry whey price declined 2 cents closing at 62.75 cents with no loads traded. Class IV futures are 12 cents lower. Butter futures are 0.50 -- 1.70 cents higher. Dry whey futures are 2.92 cents lower to 0.45 cent higher.
