Block cheese price was able to increase 0.25 cent closing at $1.4925 with no loads traded. An offer remained above the market with no interest in lowering that offer. Barrel cheese price declined 2.75 cents closing at $1.5425 with 14 loads traded. Fortunately, price recovered from the low of $1.53 during the trading period as buyers and sellers accomplished business. The unfortunate aspect of the barrel market is that there were some unfilled bids remained at $1.47 to $1.49. This could be the level where price could eventually go before it is all said and done. If you recall, I pointed this out about a week ago that a low bid had been placed and was the only bid in the market that day. That generally indicates the level where price will eventually go and that is what is happening. Butter price declined 2 cents closing at $1.7850 with one load traded. Grade A nonfat dry milk price increased 1.50 cents closing at $1.2650 with 5 loads traded. Dry whey price increased 1.75 cents closing at 61 cents with one load traded. Class III futures are mixed ranging from 21 cents lower to 10 cents higher. Class IV futures are 5 cents lower to 35 cents higher. Butter futures are 0.25 cent to 1.00 cents lower. Dry whey futures are 0.25 cent lower to 0.82 cent higher.
