Block cheese price declined a penny to $1.57 with 6 loads traded. All 6 loads were traded at the closing price. Barrel cheese price declined 2 cents closing at $1.6075 with 4 loads traded. Again, barrel price moved lower before price came back off the lows into the closing price. Thursday, this was thought to indicate barrels had found a bottom, but apparently a bounce back from the low is not a strong indicator of support. Butter was able to carve out anther slight increase of 0.25 cent closing at $1.87. Grade A nonfat dry milk declined 0.50 cent ending at $1.2975 with no loads traded. Dry whey price remained unchanged at 64.50 with no loads traded. Class III futures are 21 cents lower to 4 cents higher with June again taking the brunt of the pressure. Class IV futures are 4 cents higher. Butter futures are 0.42 cent to 1.70 cents higher. Dry whey futures are 0.62 cent lower to 0.60 cent higher.
.jpg)
