Market News

Milk futures steady to lower Tuesday, cash dairy mostly lower

April Class III milk futures on the Chicago Mercantile Exchange unchanged at $16.08.  May down 12 at $15.09.  June through August contracts four to ten cents lower.

Dry whey unchanged at $0.33.

Blocks down $0.0225 at $1.8150.  Four trades were made, ranging from $1.8150 to $1.8475.

Barrels $0.02 higher at $1.45.  Eleven trades made, ranging from $1.43 to $1.45.

Butter down $0.03 at $1.71. 

Nonfat dry milk down $0.0050 at $1.00.  Four trades made, with a range of $0.9950 to $1.00.