Block cheese price fell 5 cents, closing at $1.70 with no loads traded. There were five uncovered offers looking for buyers. Buyers were nowhere to be found. Blocks had developed a void under the market as price was bid up on only one load and once the buyer was satisfied, there were no willing buyers until a lower price. Sellers waiting to take advantage of a run up in price in this market environment generally do not net much benefit. Barrel price increased 2 cents, closing at $1.5175 with two loads traded. Butter price remained steady at $1.95 with no loads traded. Grade A nonfat dry milk price slipped 0.50 cent, closing at $1.5450 with two loads traded. Dry whey price increased 0.50 cent, ending at 67.50 with one load traded. Class III futures are mixed, ranging from 12 cents lower to 10 cents higher. Class IV futures have not yet traded. Butter futures are steady to 0.32 cent lower. Dry whey futures are unchanged.
