Block cheese price declined 4.25 cents closing at $1.6825 with 4 loads traded. There were no unfilled bids or uncovered offers remaining at the close of spot trading Barrel cheese price declined 3 cents closing at $1.70 with 2 loads traded and one unfilled bid remaining at the close. All of the loads of blocks and barrels were traded at the low and closing price. Butter price declined 5.25 cents closing at $1.8225 with 8 loads traded. This eliminates half of what was gained last week. There was an uncovered offer remaining at the close. Grade A nonfat dry milk price increased 0.50 cent closing at $1.3050 with no loads traded. Fry whey price closed at 64 cents also with no loads traded. Traders were waiting for price direction, and that is what they received, and it was not friendly. Class III futures are 2 cents to 36 cents lower with June posting the lowest value. Class IV futures have not yet traded, but with settle lower due to the decline of butter price. Butter futures are 0.22 cent to 2.97 cents lower. Dry whey futures are 0.50 cent to 0.75 cent lower.
