Milk futures on the Chicago Mercantile Exchange turned around on Tuesday as traders bought back oversold positions. Cash trade, on the other hand, was mostly down, even though there was a lot of movement in butter.
Class III milk in October went up 47 cents to $21.29. November went up by 20 cents, making it $20.50. December is now $20.29, up 12 cents. January, it went up 15 cents to $20.23. From February to April, contracts go down by one to ten cents.
Dry whey is now worth $0.4450, down $0.0075.
At $2.0075, blocks are down $0.0025.
At $2.17, barrels are down $0.0050.
Butter up $0.0225 at $3.1550. From $3.1350 to $3.1550, there were 23 trades.
At $1.5625, nonfat dry milk has gone down $0.0175.
(T1, D1)
