Block cheese price remained steady at $1.49 with no loads traded. Barrel cheese price gained a penny closing at $1.50 with no loads traded. Three unfilled bids remained for barrels at the close, which could indicate further gains possible. Butter price declined 1.25 cents closing at $1.7175 with no loads traded. Grade A nonfat dry milk price remained unchanged at $1.2575 with 2 loads traded. Dry whey price declined 1.75 cents closing at 57.75 cents with no loads traded. This moves the dry whey price down to the lowest level since March 3rd. Class III futures are 2 cents to 32 cents lower with September showing the greatest loss. Class IV futures are 6 cents to 25 cents lower. Butter futures are 0.77 cent to 3.00 cents lower. Dry whey futures are 1.00 cent to 2.67 cents lower. USDA will release the May Livestock Slaughter report Thursday.
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