A32-Lancaster Farming, Saturday, November 4, 2000 FUTURES MARKETS (Continued from page Al 6) from a year ago Stocks of American Cheese were 557 6 million pounds, up 18 percent from a year ago. Total cheese stocks were 735 7 million pounds, up 13 percent from a year ago The futures market at the CME had some dire predictions for Class 111 prices today. The Class 111 futures as of October 27 reported a settlement price of $lO 04 per cwt for October 2000, $8 87 per cwt for November 2000, and $9 33 per cwt for December 2000 Thereafter the market is expecting the Class 111 price to average $9 78 per cwt for the first quarter of 2001, and $lO 00 per cwt for the second quarter of 2001. The Class IV futures fl SdWUPP's