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MARKETS: Butter, cheese prices soften; Class III futures lower
Today's market closing prices:
Butter: down 3.5¢, to $1.7350/lb.
Cheddar blocks: down 1.5¢, to $1.8650/lb.
Cheddar barrels: down 0.75¢, to $1.7575/lb.
Grade A nonfat dry milk: unchanged at $1.7850/lb.
Extra Grade nonfat dry milk: unchanged at $1.70/lb.
Class III milk: -3¢ to -36¢ through February 2014. Based on current CME closing prices, the 2013 average is $18.43/cwt.; and the 2014 average is $16.90/cwt.