Block cheese price remained steady for the third consecutive day with no loads traded. The positive aspect was there was an unfilled bid and no offers placed Friday. Barrels slipped 0.25 cent, closing at $1.39 with no loads traded. Barrels seem to be in grater supply with sellers wanting to move it to the market as soon as possible. Barrel price looks as if they want to test the low of last week at $1.3850. Butter price increased 2 cents, closing at $1.6425 with three loads traded. Grade A nonfat dry milk price increased 0.25 cent, ending at $1.2675 with no loads traded. Dry whey also closed at 50.25 with no loads traded. This keeps pressure on Class III futures with October and later contracts posting losses. Class IV futures have not yet traded. Butter futures are 0.50 cent lower to 1.02 cents higher. Dry whey futures are 0.97 cent lower to 1.17 cents higher. USDA will release the June Agricultural Prices report Friday afternoon. This will provide prices used in the calculation of income over feed for the Dairy Margin Coverage program.
