The Class III market, buoyed by higher whey prices, reached nearly $16.50 for its average through the end of 2018.
Cheddar blocks have fallen 7 cents since Thursday and sit just 1 1/4 penny higher than barrels.
Despite a positive WASDE report on Thursday, lower feed stocks may offset initial positive vibes.
Despite the best efforts of animal agriculture, activism is big business.
There was literally no action in the cheese market on Wednesday, but Class III prices still reached higher.
A robust cheese market helped propel Class III markets higher on Tuesday.
Generally, higher milk prices will result in increased milk production. However, under the current market environment this may not be the case.
Blocks and barrels rose on Monday, encouraging higher prices in Class III and Class IV markets.
While the week started with a bang, it ended with a whimper. Only barrels and powder had any action on Friday.