Block cheese price increased a penny, closing at $1.7150 with one load traded. Barrel cheese price remained steady at $1.4850 with no loads traded. This provided minor support to Class III futures with contracts ranging from 1 to 11 cents higher. The March 2022 contract posts the largest gain. Butter price gained 3.50 cents, closing at $1.71 with 10 loads traded. Grade A nonfat dry milk price gained a penny to $1.27 with one load traded. Dry whey price remained unchanged at 52 cents. Class IV futures are steady to 2 cents lower. Butter futures are 1.82 to 2.30 cents higher. Dry whey futures are unchanged. Traders see limited upside and are trading with caution and not picking any price direction.
