Block cheese price increased 4.25 cents closing at $1.78 with 4 loads traded. Barrel cheese price declined 1.75 cents closing at $1.41 with no loads traded. The increase of blocks was certainly positive to Class III milk futures, but the weakness developing in barrels turned futures negative. A decline of 2 cents in dry whey to 52 cents with only one load traded put added pressure on the market. Traders were wary of any weakness no matter what the underlying cash calculation indicated or whether the strength of one area offset the weakness of another area. Butter price increased a penny, closing at $1.68, with no loads traded. Grade A nonfat dry milk increased 0.25 cent to close at $1.2575 with two loads traded. Class III futures are 19 cents lower to 8 cents higher. Class IV futures are 18-29 cents higher. Butter futures are 1-- 2.50 cents higher. Dry whey futures are 0.25 cent higher.
