Spot cheese closed quickly with the lack of trading interest Tuesday. Block cheese price remained at $1.7475 with no trades. Barrel cheese price was unchanged at $1.48 with no loads traded. Butter price climbed 3 cents to move to $1.8225 with 3 loads traded. Butter is trading just below the most recent high of $1.8325 from June 22, 2020. Grade A nonfat dry milk price increased by 0.50 cent for the second consecutive day, closing at $1.18 with no loads traded. Dry whey price climbed 0.25 cent to end at $0.63 with one load traded. Dry whey continues to push the spot price to new record highs. Class III futures are mixed, but most contract months are currently unchanged with no trading so far Tuesday. Contracts are 5 cents lower to 10 cents higher. Class IV futures are seeing stronger gains from June through November of this year, between 4 cents to 22 cents higher. Class IV front months have not traded yet. Butter futures are 2.78 cents lower to 3.43 cents higher. Dry whey futures are 0.50 cent lower to 0.97 higher.
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