Block cheese held steady with no loads traded. No one showed up to do any business, leaving the market in a balanced position. On the other hand, barrels fell apart. Price declined 8 cents, closing at $1.31 with 9 loads traded. Two unfilled bids remained under the closing price at the end of trading. Barrel price is now at the lowest level since May 11, 2020. The block/barrels spread is now at 32.50 cents, indicating substantial weakness of barrels. Butter uncovered some buyer interest with price increasing 5.75 cents closing at $1.70 with 14 loads traded. Grade A nonfat dry milk price increased 0.75 cents ending at $1.2750 with one load traded. Dry whey price remained unchanged at 50.25 with no loads traded. Class III futures 27 cents lower to 6 cents higher. October is taking the brunt of the selling with April showing the strength. Class IV futures are 5 cents to 26 cents higher. Butter futures are 0.12 cent to 3.57 cents higher. Dry whey futures are 0.75 cent to 1.12 cents lower.
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