Block cheese price declined 4 cents closing at $1.53 with 10 loads traded. Barrel cheese price declined 2.75 cents with 5 loads traded. All those who wanted to do business in blocks were satisfied with no unfilled bids or offers remaining. Barrel trading closed with an uncovered offer at a higher price with 3 unfilled bids remaining at lower prices. This weakness pushed July Class III futures down the daily limit of 75 cents. The other contracts are unchanged to 63 cents lower. Only the September and October contracts remain above $19.00. Butter price declined 5 cents closing at $1.82 with 15 loads traded. Grade A nonfat dry milk remained unchanged at $1.2975 with no loads traded. Dry whey showed the only increase of 0.25 cent closing at 64.75 with one load traded. Class IV futures have not yet traded. Butter futures are 0.50 cent to 3.75 cents lower. Dry whey futures are 0.75 cent lower to 0.02 cent higher. USDA will release the April Cold Storage report Monday afternoon, providing information on how supply and demand faired during the month.
