On the Chicago Mercantile milk futures turned around Tuesday as traders took back oversold positions. Class III milk saw March gain 3 cents to $16.33, April gained 4 to $16.85, and May gained 3 to $15.99 per cwt. Second half months gained 2-7 cents respectively. Class IV milk also bounced back. Though March remained unchanged at $15.52, April gained 10 to $15.20, and May gained 19 to $15.29. Second half months saw 8-31 cent gain.
Dry whey up $0.0050 at $0.3375. One trade was made at that price. Blocks unchanged at $1.76. Barrels unchanged at $1.41. Butter unchanged at $1.8175. Nonfat dry milk down $0.0025 at $1.08. Three trades were made ranging from $1.0775 to $1.0850.
