Block cheese price fell 4.75 cents, to close at $1.7725, with no loads traded. There were three loads of blocks offered with no buyers showing up. That does not bode well for prices in the near term. Barrel cheese price declined 3 cents, closing at $1.83, with one load traded. There were two remaining offers at the close. This action hit Class III futures hard with November reaching limit down shortly thereafter but has not remained at that level. Futures contracts are 55 cents lower to 9 cents higher with only front-month October and March contracts posting gains. Butter price jumped 6.50 cents, closing at $1.93, with eight loads traded. This moves the price to the highest level it has been since June 10, 2020. Demand is ramping up with the price level of $2.00 possible in the near term. Grade A nonfat dry milk price increased 0.75 cent, closing at $1.5450, with six loads traded. Dry whey price slipped 0.50 cent, closing at 62 cents, with no loads traded. Class IV futures are 4 cents lower to 10 cents higher. Butter futures are 1.27-6.22 cents higher. Dry whey futures are 0.37-0.77 cent lower.
