Class III Prices See Major Moves
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After last week's major fall in cheese prices, cheddar blocks and barrels performed much better on Monday.  Blocks increased 15.5 cents/lb as two loads moved from seller to buyer.  Blocks settled at $1.99/lb.  Barrel cheese regained 9 cents/lb to a price of $1.67, two loads were moved.  Butter fell 4 cents at $2.2825/lb.  Dry whey was up a quarter cent while Grade A nonfat dry milk declined a quarter cent to $1.1725/lb.  

Class III milk futures responded well to the bump in cheese.  February added 43 cents/cwt to $18.67.  March was up 29 cents to $18.28/cwt.  The second quarter traded 16-26 cents stronger while second half prices ranged from 1-7 cents weaker.  Class IV markets were mainly higher with the exception of December 2023.

Grain prices pulled back on Monday as corn dipped 10 cents/bu and soybeans softened 12-16 cents/bu.  Soybean meal declined $3-$4/ton.  The wheat complex regressed 20-29 cents/bu as well.

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Milk Prices
 

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