Market News

Milk futures, cash dairy continue tumble Tuesday

April Class III milk futures on the Chicago Mercantile Exchange settled 37 cents lower at $14.49.  May down 41 to $12.74.  June through August contracts 20 to 33 cents lower.

Dry whey steady at $0.33

Blocks down $0.1075 at $1.33.

Barrels down $0.0950 at $1.2050.  Seven trades were made, ranging from $1.21 to $1.2575.

Butter down $0.0625 at $1.3350.  Five trades made, with a range of $1.3350 to $1.3625.

Nonfat dry milk down $0.01 at $0.8850.