On the Chicago Mercantile Exchange milk futures turned higher Tuesday as traders bought back oversold positions while cash markets were mixed. May Class III milk a penny higher at $18.96. June up 16 cents at $17.71. July up five cents at $18.21. August up four cents at $18.63. September through November contracts five to eight cents higher.
In spot trade dry whey up $0.0050 at $0.6525. One trade was made at $0.65. Blocks down $0.01 at $1.52. Five trades were made from $1.58 and $1.6150. Barrels up $0.0350 at $1.6150. Nine sales were made from $1.58 to $1.5875. Butter unchanged at $1.82. Two sales were made at $1.8225 and $1.8350. Nonfat dry milk up $0.0050 at $1.3025. Eight trades were made at $1.3025 and $1.3050.
(T5, D1)
