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Class III Milk May '24 (DLK24)

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Contract Specifications

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Contract
Milk Class III
Contract Size
200,000 pounds
Tick Size
0.01 cents per hundredweight ($20.00 per contract)
Trading Hours
5:00p.m. - 4:00p.m. Sun-Thur, 5:00p.m. - 1:55p.m. (Settles 1:10p.m.) Fri CST
Exchange
CME
Point Value
$2,000
Margin/Maintenance
$1,320/1,200
First Notice Date
06/04/24 (20 days)
Expiration Date
06/04/24 (20 days)

Seasonal Chart

Class III Milk May '24
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of May 7, 2024

View Chart Details
Commercials - Long / Short
14,995 (-2,994)
10,219 (-366)
Non-Commercials - Long / Short
2,274 (-195)
6,089 (-2,969)
Producers - Long / Short
11,660 (-1,322)
6,383 (-411)
Swap Dealers - Long / Short
1,405 (-714)
1,906 (+1,003)
Managed Money - Long / Short
832 (+425)
2,549 (-1,038)
Other Reportables - Long / Short
1,442 (-620)
3,540 (-1,931)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
16.80 +11.31%
on 04/17/24
18.81 -0.58%
on 05/14/24
+1.84 (+10.91%)
since 04/15/24
3-Month
15.61 +19.80%
on 04/03/24
18.81 -0.58%
on 05/14/24
+1.20 (+6.86%)
since 02/15/24
52-Week
15.61 +19.80%
on 04/03/24
18.95 -1.32%
on 10/19/23
+0.31 (+1.69%)
since 05/15/23

More Class III Milk Quotes

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Most Recent Stories

More News
Cattle Holding Higher on Wednesday’s Midday

Live cattle are extending the week’s gains, as contracts are up 17 to 50 cents at midday. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,352 head...

LEM24 : 178.250s (+0.04%)
LEQ24 : 176.525s (+0.23%)
LEV24 : 179.700s (+0.20%)
GFK24 : 243.150s (-0.05%)
GFQ24 : 255.875s (+0.08%)
GFU24 : 256.950s (+0.13%)
Hog Mixed on Wednesday

Lean hogs are mixed on Wednesday, with June down 70 cents, with other contracts slightly above unch. USDA’s National Average Base Hog negotiated price was up $1.17 from the Tuesday afternoon print at...

HEM24 : 97.500s (-0.84%)
HEN24 : 100.875s (-0.05%)
HEQ24 : 100.025s (+0.13%)
Cattle Futures Firm

Livestock futures gain ground in Tuesday’s trade, will they see follow through today?

Cattle Bulls Helped by Boxed Beef Pop

Live cattle closed the Tuesday session with $1.60 to $2.72 gains, as boxed beef rallied for a second consecutive day. Cash action was mostly compiling showlists early this week. Last week was mixed, with...

LEM24 : 178.250s (+0.04%)
LEQ24 : 176.525s (+0.23%)
LEV24 : 179.700s (+0.20%)
Hog Bulls Look to Extend Tuesday Gains on Wednesday

Lean hogs saw some gains to round up the Tuesday session, up 7 to 87 cents across the board. USDA’s National Average Base Hog negotiated price was up $1.05 in the Tuesday afternoon print at $90.83. The...

HEM24 : 97.500s (-0.84%)
HEN24 : 100.875s (-0.05%)
HEQ24 : 100.025s (+0.13%)
Cattle Rally Alongside Boxed Beef Pop

Live cattle closed the Tuesday session with $1.60 to $2.72 gains, as boxed beef rallied for a second consecutive day. Cash action was mostly compiling showlists early this week. Last week was mixed, with...

LEM24 : 178.250s (+0.04%)
LEQ24 : 176.525s (+0.23%)
LEV24 : 179.700s (+0.20%)
GFK24 : 243.150s (-0.05%)
GFQ24 : 255.875s (+0.08%)
GFU24 : 256.950s (+0.13%)
Hogs Close Tuesday with Strength

Lean hogs saw some gains to round up the Tuesday session, up 7 to 87 cents across the board. USDA’s National Average Base Hog negotiated price was up $1.05 in the Tuesday afternoon print at $90.83. The...

HEM24 : 97.500s (-0.84%)
HEN24 : 100.875s (-0.05%)
HEQ24 : 100.025s (+0.13%)
Shootin' the Bull about Polar opposites

Polar opposites in the basis of fats and feeders.  In fats, it's $9.00 positive and in the feeders $14.00 negative.  How is buying feeder cattle futures at a premium and selling fat futures at a discount...

Can the Meats Rally During the Peak Season in 2024?

The annual grilling season, when beef and pork demand tend to peak, begins in a few short weeks at the end of May on the Memorial Day weekend. Cattle prices remain near record highs, and hog futures have...

LEM24 : 178.250s (+0.04%)
GFQ24 : 255.875s (+0.08%)
HEM24 : 97.500s (-0.84%)
Cattle Shooting Higher with Beef Sparking a Rally

Live are up triple digits across the board on Tuesday, as contracts are up $2.25 to $3.50. Cash action was mostly compiling showlists on Monday. Last week was mixed, with the South seeing action anywhere...

LEM24 : 178.250s (+0.04%)
LEQ24 : 176.525s (+0.23%)
LEV24 : 179.700s (+0.20%)
GFK24 : 243.150s (-0.05%)
GFQ24 : 255.875s (+0.08%)
GFU24 : 256.950s (+0.13%)

Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Soft Signal Strength.

Key Turning Points

3rd Resistance Point 18.92
2nd Resistance Point 18.87
1st Resistance Point 18.79
Last Price 18.70
1st Support Level 18.66
2nd Support Level 18.61
3rd Support Level 18.53

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52-Week High 18.95
Last Price 18.70
Fibonacci 61.8% 17.67
Fibonacci 50% 17.28
Fibonacci 38.2% 16.89
52-Week Low 15.61

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