Milk futures on the Chicago Mercantile Exchange closed lower Tuesday following a bearish supply and demand report.

February Class III milk down 13 cents $15.48.  March down 23 cents at $16.31.  April down 36 cents at $16.76.  May down eight cents at $17.15.  June through August contracts five to seven cents lower.

Dry whey up $0.0050 at $0.54.  Two sales were made at that price. 

Blocks down $0.0375 at $1.6275.  Four sales were made ranging from $1.6225 to $1.6275.

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