Block cheese price declined 3 cents closing at $1.6025 with 10 loads traded. Barrel cheese price slipped 0.25 cent ending at $1.6250 with 12 loads traded. Barrels traded 0.25 cent higher before succumbing to selling pressure. Blocks bounced back 0.25 cents from the low before the market closed. Loads continue to be offered on the spot market as sellers want to move supply. This does not indicate a tightening market. Sellers do not want to hold out for higher prices as current fundamentals do not suggest that will take place anytime soon. Block price is the lowest it has been since Feb. 24. Butter price was able to creep higher by 0.25 cent closing at $1.8550 with one load traded. Grade A nonfat dry milk price declined a penny ending at $1.3025 with 6 loads traded. Dry whey price gained 0.50 cent with 1 load traded. Class III futures are20 cents lower to 5 cents higher. Class IV futures have not yet traded. Butter futures are 0.30 cent lower to 1.02 cents higher. Dry whey futures are 0.25 cent lower to 1.15 cents higher.
