On the Chicago Mercantile Exchange milk futures turned around Tuesday as traders worry over the impact of expanding E-15 on feed costs and cash markets seem to have started their holiday weekend. Class III milk futures were mostly lower on the day. May milk fell 8 cents to $24.85/cwt. June milk gained 3 cents to $24.85/cwt. July milk dropped 4 cents to $24.65/cwt. Class IV volume was light with one contract trading in April and one in September.
Dairy Products were unchanged to lower in the CME spot dairy auction Tuesday. Dry whey unchanged at $0.6350. Blocks unchanged at $2.32. Barrels unchanged at $2.3675. Butter down $0.0075 at $2.7750. Nonfat dry milk down $0.0050 at $1.82. Two sales were made at $1.81.
(T3, D2)
