Block cheese jumped 12.75 cents, closing at $1.8575 with three loads traded. There were no unfilled bids or uncovered offers remaining at the close of spot trading. Barrel price increased 6.50 cents, closing at $1.52 with nine loads traded. There were three unfilled bids and two uncovered offers remaining at the close. Blocks are at the highest level since Sept. 30. These gains, along with the bullishness of the October Milk Production report, have pushed Class III futures substantially higher with December posting a gain of over $1.00. January through October contracts are above $19.00. Butter price increased a penny to $2.0475 with no loads traded. Grade A nonfat dry milk price increased 2.50 cents, closing at $1.5550 with eight loads traded. Dry whey price remained unchanged at 70 cents with no loads traded. Class III futures are 5 cents to $1.08 higher with December showing the greatest gain while front-month November showed the least gain. Class IV futures are 2 to 45 cents higher. Butter futures are 2.05 to 6.45 cents higher. Dry whey futures are 0.20 to 1.70 cents higher.
