Block cheese prices remained unchanged for the second consecutive day. There were no loads traded with only an offer posted a couple of cents above the market. Barrel cheese price declined 0.75 cent, closing at $1.3925 with nine loads traded. The fact that blocks held provided no support to the market. The general belief by the trade is that the weakness of barrels may eventually pull blocks lower. Butter price remained unchanged at $1.6225 with no loads traded. Grade A nonfat dry milk price gained 1.50 cents, closing at $1.2650 with four loads traded. Dry whey price declined 3 cents, closing at 50.25 with two loads traded. The weakness of dry whey added to the bearishness of Class III futures. There is just too much product available to buyers, leaving them purchasing on an as-needed basis without the need to be aggressive. Class III futures are 3 to 27 cents lower with September showing the greatest loss. Class IV futures are 2 to 10 cents higher. Butter futures are 0.42 cent lower to 0.15 cent higher. Dry whey futures are 0.75 to 2.00 cents lower.
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