Suppose you purchase a May 2018 milk futures contract on March 27, 2018, at the last price of the day. Use Table 25.2. What will your profit or loss be if milk prices turn out to be $.1534 per pound at expiration? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16)

Suppose you purchase a May 2018 milk futures contract on March 27, 2018, at the last price of the day. Use Table 25.2. What will your profit or loss be if milk prices turn out to be $.1534 per pound at expiration? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16) Gain July May Futures Contracts Metal & Petroleum Futures Contract Open Open High Milo Low Settle Chg interest Copper-High (CMX) 25,000 lbs.Sperib March 29760 2.9775 29760 2.9915 0.0310 302 2.9340 3.0240 2.9775 3.0005 0.0305 150,761 Gold (CMX0-100 troy oz.Sper troy oz March 1341.30 -13.10 475 April 1353.60 1356.80 1339.60 1342.00 -13.00 108,630 June 1359.30 1362.60 1345.40 1347.90 -13.00 327,650 Aug 1365.80 1368.20 135L90 1354.10 -13.00 49,357 Oct 1371.00 1372.00 1359.00 1360.10 -13.00 6,801 Dec 1376.80 1380.90 1364.20 1366.60 -13.10 45,274 Palladium (NYM)- 50 troy oz: Sper troyez March 975.30 495 1 June 970.80 978.85 966,60 971.30 495 22,978 Sept 967.80 968.10 965.00 966.65 495 1,193 Platinum ONYMD-50 troy oz: Sper troyar April 952.80 961.60 939.20 946.70 -3.70 12.988 July 958.50 967.40 945.00 952.40 400 61,898 Silver (CMX)-5000 troy oz. Spertroy oz March 16.489 -0.143 84 May 16.690 16,810 16.465 16.541 -0.143 149,163 Crude Oil, Light Sweet (NYM)-1000bbis:Sper tbl. May 65.55 66.41 64.53 65.25 -0.30 512,488 June 65.47 66.27 64.49 65.18 -0.33 347,725 July 65.09 65.88 64.17 64.86 -0.17 156,042 Sept 64.00 64.71 63.25 63.83 -0.09 120.143 Dec 62.35 63.05 61.68 62.29 0.01 251,898 Dec 19 57.52 58.11 57.14 5767 0.15 133,839 NY Harbor ULSD ANYM) 42000 gal:Spergal. Apri 20170 2.0460 2.0050 2.0224 .0074 25,793 May 20199 2.0485 2.0065 20242 0062 128,061 Gasoline-NY RBOB ONYM) 42000gal. Spergal April 20110 2.0330 1.9987 20135.0031 25.530 May 20199 20426 20060 2.0210.0007 150,898 Natural Gas (NYM)-10,000 MNBtu: Sper MMBtu. April 2629 2707 2623 2.691 0735,560 May 2669 2721 2660 2714 057 389,906 June 2728 2774 2719 2.766 050 93,399 July 2789 2830 2.780 2.822 045 154,195 Sept 2788 2829 2.782 2.823 .039 %6,749 Oct 2805 2842 2795 2.836 040 130,534 Agriculture Futures Contract Open Open High Hilo Low Settle Chg Interest Sugar-World (ICE-US) 112000 lbs:cents per b. May 12.42 12.58 1235 12.54 12 417,933 12.63 12.72 12.54 12.66 -10 236,270 Sugar-Domestic ICE-US)-112,000 lbs cents per May 2445 24.45 24.45 24.45 -03 3,218 July 25.05 25.05 24.91 25.02 -13 2,674 Cotton CE-US)- 50,000 lbs. cents perib May 81.88 82.77 81.72 82.02 24 113,430 Dec 77.50 77.92 7750 77.62 - 04 72,650 Orange Juice (ICE-US)-15,000 lbs.centsperit May 138.10 138.35 136.20 137.70 -20 9,537 July 138.40 138.60 137.00 138.00 190 1,977 Interest Rate Futures Treasury Bonds (CBT)-5100,000.pts 32nds of 100% June 144-140 145-280 144-110 145-200 29.0 793,328 Sept 143-280 144-150 143-280 144-210 30.0 78 Treasury Notes (CBT)-S100,000. pts 32nds of 100% June 120-120 121-015 120-110 120-290 14.0 3,490,478 Sept 120-090 120-195 120-010 120-205145 5 Yr. Treasury Notes (CBT) $100,000, pts 32nds of 100% March 114-162 114-162 114-160 114215 92 2,819 June 114-015 114-145 114-007 114-120 9.0 3.366,565 2 Yr. Treasury Notes (CBT)-$200,000, pts 32nds of 100% March 106-177 106-187 106-172 106-185 17 11,641 June 206-077106-117 106-072 106-107 27 1,899733 30 Day Federal Funds (CBT)-$5,000,000,000 daly avg. March 98.500 98.500 98.498 98.498 122.332 April 98.325 98.325 98.320 98.375 364,065 10 Yr. Del. Int. Rate Swaps (CBT) $100,000 pts 32nds of 100% June 93.969 94.781 93.969 9.625 563 27,183 1 Month Libor (OME)-$3.000.000 pts of 100% May 98.1000 98.1000 98.1000 98.1025 .0175 2,411 June 97.9550 97.9600 97,9550 97.4750175 694 Eurodollar (CME-S1,000,000 pts of 100% April 97.7200 97.7450 97.7200 97.74000200 303,879 June 97.6800 97.7400 97.6800 97.7300 .500 1771,799 Dec 97.4750 97.5500 97,4700 97.5400 0800 2,045,185 Dec 19 97.1350 97.2350 97.1300 97.2200 0800 2,167,522 Currency Futures Japanese Yen (OME)-X12.500.000, Sper 100% April .9483 .9500 .9460 9489 -0030 851 June 9527 .9546 .9494 .5528 -0030 168.978 1,137 Japanese Yen (OME)-X12.500.000,5 per 100% April .9488 9500 9460.9489 -0030 551 June .95279546 .9494 5528 -0030 168,978 Canadian Dollar (CME) CAD 100,000 Sper CAD April 77927802 7760 7770-0005 249 June 7795 7815 7761 7778 -0006 121,883 British Pound (CME) E62,500 S per E April 1424 14248 1.4003 1.4167 -0074 1,125 June 14285 1.4293 1.4113 1.4201 -0075 190,805 Swiss Franc (OME) CHF 125,000. Sper CHF June 10656 1.0674 10589 10632-0028 44,398 Australian Dollar (CME) AUD 100,000. Sper AUD April 7749 7754 .7680 7688 -0047 1,390 May 7735 7750 7694 7688 -0047 492 June 7757 ,7760 .7677 7689 -0048 98,419 Sept 7756 7763 .76887695--0048 643 7740 7740 -7683 .7701 -0049 343 Mexican Peso (CME)- MXN 500,000 por MXN June 0538205396 05361 05381 - 00016 197,395 Euro (CME)-125,000 Spare Apri 1.2477 1.2495 12395 1.2421-0056 1,781 June 12525 1.2554 L2448 12478--0057 508,863 Dec July od 2805 ZAZ 2795 Z856 .040 130,534 Agriculture Futures Corn (CBT)-5.000 bucents perbu May 374.00 376.00 372.25 374.00 655,498 July 302.50 384.50 380.75 382.50 494,252 Oats (CBT)-5,000 bu.cents per bu May 227.75 228.75 225.50 226.00 4,472 July 236,50 236.50 233.00 233.50 -175 Soybeans (CBT) 5000 bu.cents per bu May 1027.00 1031.25 1017.25 1019.50 -6.00 352,099 July 1037.75 1042.00 1028.00 1030.25 6.25 244829 Soybean Meal (CBT)-100 tons Sperton May 376.70 378.50 371.50 372.40 -2.60 190,304 July 379.40 381.00 374.20 375.10 -2.70 123,062 Soybean Oil (CBT)-60,000 lbs.cents perb May 31.46 31.54 31.35 31.58 12 237,560 July 31.72 31.89 31.61 31.85 13 123,056 Rough Rice (CBT)-2000 cut Speront May 1242.00 1250.00 1239.50 1244.50 -1.50 5,814 July 1261.50 1262.50 1255.00 1261.00 1,348 Wheat (CBT)-5,000 bu; cents perbu May 454.25457.50 448.75 449.00 -5.25 223,995 471.50 474.00 466.00 466.50 -5.00 128,565 Wheat (KC) 5,000 bu cents per bu May 469.50 473.00 463.75 464.00 -4.25 108,637 July 488.50 492.00 483.00 483.50 -4.25 80,634 Wheat (MPLS) 5,000 bu:cents perbu May 597.75 604.00 591.25 593.25 -4,00 32,649 July 605,25 61125 599.75 601.75 -3.25 12,612 Cattle Feeder (CME) 50,000 lbs.cents perib March 135.000 135.800 135.000 135.425 500 3,284 May 135.550 137.875 135.425 136,350 80019288 Cattle-Live CME) 40,000 lbs.cents par April 115.400 116.575 115.000 115.425 250 45226 June 105.325 106.675 104.900 105.250 -050 160,211 Hogs-Lean(CME)-40,000 lbs,cents perib April 58.000 58.225 57535 57.750 -275 25,619 June 74.150 74.750 73.725 74.025 -075 97,970 Lumber (CME)-110,000 bdt. Sper 1,000 bd.it May 499.40 507.10 498.00 507.00 9.90 5,421 July 495.00 494.90 482.00 494.90 10.00 813 Milk (OME)-200,000 lbs. cents perb March 14.22 14.23 14.22 1422 4245 May 14.39 14.40 1431 1439 053379 Cocoa (ICE-US)-10 metric tons Sperton May 2,623 2,623 2,534 2.554 -61 110,387 July 2,650 2.650 2,564 2.583 -5976,393 Coffee (CE-US)-37500 bs.cents par b. May 118.40 119.75 117.70 118.95 30 140,765 July 120.45 121.70 119.80 121.00 1.60 59291 Index Futures Mini DJ Industrial Average (CBT)-55x index June 24201 24435 2369123859 -332 102,806 Sept 2423124454 23736 23890 -337 490 S&P 500 Index (OME)-S250 x index June 2661.20 267920 2998.00 2615.70 43.80 50,596 Mini S&P 500 (OME)-$50x Index June 2659.50 2679.75 2596.00 2615.75 43,75 2,889,651 Sept 2665.00 2684.25 2600.75 2620.25 -44.25 56,206 Mini S&P Midcap 400(CME)-$100x index June 188120 1892.40 1843.90 1851.90 -28.70 79,747 Mini Nasdaq 100(OME)-S20x Index June 67758 68493 5490.0 6561.3 -2123 229,719 Sept 6614.5 6879.0 65225 6592.8 -213.0 4.632 Mini Russell 2000 (ICE-US)-S100x Index June 1548.00 1557.00 1909.10 1518.80 -26,30 9,254 Mini Russell 1000 (CE-US-$100 x Index June 1478.20 1478.20 144L10 1451.70 14.20 U.S. Dollar Index (ICE-US) $1000 x Index June 88.63 89.25 8853 38.98 -05 35,464 Sept 9.29 88.19 949 Source: Sox Pinancial Information