Block cheese price increased 4.25 cents, closing at $1.5850 with no loads traded. There were two unfilled bids remaining in the market at the close with no offers. The market is now running the other way as buyer are more aggressive while sellers have stepped back, waiting to see how high they will push it. Barrels were not quite in the same posture as there was a large amount of business being done; yet price was able to move higher. Barrels gained 3 cents, closing at $1.4025 with 15 loads traded. There were three unfilled bids and one uncovered offer remaining at the close. Class III futures are higher, but gains are being made under a cautious market environment. Traders feel the upside still may be limited and they do not want to be caught with futures contracts they purchased if the market falls back again. Futures are 3 cents lower to 17 cents higher. Butter price remained unchanged at $1.6950 with no loads traded. Grade A nonfat dry milk gained 0.75 cent, closing at $1.2525 with one load traded. Dry whey remained unchanged at 53.75 with no loads traded. Class IV futures have not yet traded. Butter futures are 3.00 to 3.50 cents lower. Dry whey futures have not yet traded.
