Block cheese price increased 2.75 cents, closing at $1.5425 with only one load traded. Barrel cheese price increased 2 cents, closing at $1.5050. This added some strength to Class III futures, pushing prices higher. Barrels had four unfilled bids remaining at the close, which would suggest continued price support. There were no unfilled bids or uncovered offers remaining for blocks. Butter price initially moved higher, posting a gain of 3 cents before price fell back to close 0.25 cent lower with 15 loads traded. Grade A nonfat dry milk price declined a penny, closing at $1.27 with three loads traded. Dry whey price declined 1.50 cents, ending at 56.50 cents with no loads traded. Class III futures are 4 to 38 cents higher with August showing the greatest gain. Class IV futures are unchanged to 9 cents higher. Butter futures are 0.05 cent lower to 0.85 cent higher. Dry whey futures are 0.27 to 0.47 cent higher. Tuesday is the last trading day for dairy futures and options with the June Federal Order prices to be announced Wednesday.
.jpg)
