Block cheese price increased 0.25 cent closing at $1.81 with 1 load traded. Barrel cheese price declined 2 cents closing at $1.7675 with no loads traded. The fact that barrel price decline on an offer with no interest from a buyer, may indicate that further weakness is possible. Dry whey price increased 0.25 cent to 59.50 cents offsetting some of the loss of barrels. Butter price remained unchanged at $1.6975 with no loads traded. No one showed up to do any business. Grade A nonfat dry milk price increased 1.25 cents closing at $1.4425 with 3 loads traded. The strength of nonfat dry milk is providing good support to Class IV futures, which are 1 cent to 10 cents higher. Class III futures are 13 cents lower to 19 cents higher. Front-month October is the only contract showing a loss as it is mostly priced other than adjusting to the weekly AMS prices. Butter futures are 1.00 cent lower to 0.90 cent higher. Dry whey futures are 0.02 cent lower to 1.47 cents higher.
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