Block cheese price increased a penny to $1.76 with no loads traded. Barrel cheese price increased 5 cents closing at $1.86 with 5 loads traded. Dry whey increased a penny to 61 cents with one load traded. This pushed Class III futures substantially higher with contracts ranging from 11 cents to 56 cents higher and November showing the greatest gain. Front-month October shows a decline of 6 cents due to the market adjusting the prices on the weekly AMS report. Butter increased 4.50 cents closing at $1.8450 with one load traded. Grade A nonfat dry milk price increased 0.75 cent closing at $1.5275. Class IV futures are 12 cents to 34 cents higher. Butter futures are 1.00 cent to 4.37 cents higher. Dry whey futures are 0.72 cent to 1.70 cents higher. Some of the buying on the spot market may be the reaction to the September Milk Production report as well as good buying interest with demand increasing for the holidays. USDA will release the September Livestock Slaughter report Thursday afternoon.
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