Block cheese price declined 4.75 cents closing at $1.6750 with 3 loads traded. Barrel cheese price declined 0.75 cent closing at $1.82 with 5 loads traded. Barrels initially increased 0.25 cent before selling pressure pushed it lower. Dry whey price increased 1.25 cents closing at 63 cents with 3 loads traded. This exceeds the high on Monday and moves it back to the highest price since May 26, 2021. Class III futures show weakness in November and December but strength in contracts thereafter with prices ranging from 6 cents lower to 16 cents higher. Butter price remained unchanged at $1.94 with no loads traded. Grade A nonfat dry milk price increased 0.50 cent closing at $1.5575 with no loads traded. Class IV futures are unchanged to 13 cents higher. Butter futures are 1.00 cents lower to 1.42 cents higher. Dry whey futures are 0.57 cent lower to 0.45 cent higher. USDA will release the September Agricultural Prices report Friday, providing prices used to calculate income over feed for the Dairy Margin Coverage program.
