Market News

Milk futures, cash dairy plummet Friday

April Class III milk futures on the Chicago Mercantile Exchange down 38 cents at $15.32.  May 69 lower at $13.87.  June through August contracts 58 to 73 cents lower Friday.

Dry whey steady at $0.33.

Blocks down $0.15 at $1.59.

Barrels down $0.0625 at $1.34.  Five trades were made, ranging from $1.34 to $1.3550.

Butter down $0.1025 at $1.4875. 

Nonfat dry milk down $0.0450 at $0.92.  Three trades made, with a range of $0.92 to $0.9225.