Block cheese price increased 0.50 cent, closing at $1.76 with one load traded. Barrel cheese price increased 0.25 cent, closing at $1.4875 with one load traded. Even though both cheese categories increased, it was not enough to provide any significant price support. It seems traders will swing the pendulum to buy when cash prices rise significantly. Otherwise, the overall bearishness remains. Butter price declined 1.25 cents, ending at $1.7025 with five loads traded. Grade A nonfat dry milk price remained unchanged at $1.27. Dry whey price declined 0.50 cent, ending at 51.50 cents with no loads traded. Class III futures are 8 cents lower to 12 cents higher. Class IV futures post a higher trade of 10 cents in July 2022 with no other activity. Butter futures are 1 cent lower to 1.57 cents higher. Dry whey futures are steady to 0.40 cent lower.
