Both blocks and barrels remained unchanged at $1.7950 and $1.4925, respectively. The only activity was a bid posted for a load of barrels below the market. Dry whey price increased a penny to 53.50 cents, taking back what was lost on Tuesday and then some. There was little reaction in Class III futures with prices ranging from 7 cents lower to 3 cents higher. Trading activity has been very light in both Class III and IV futures. Butter price declined 3.75 cents, closing at $1.79, with two loads traded. Grade A nonfat dry milk price remained unchanged at $1.33 with no loads traded. Class IV futures are 2 cents higher. Butter futures are 0.30 cent to 1.45 cents lower. Dry whey futures are 0.45-0.95 cent higher. Traders see limited price strength in the foreseeable future based on current milk production being significantly higher than last year. Supply of dairy products is readily available to the market.
