United States 

Department of 

Agriculture 

Agricultural 

Marketing 

Service 

Dairy 

Market 

Statistics 

2020 Annual Summary 
PREFACE 

Dairy Market News is a service provided by the U.S. Department of Agriculture 

(USDA) and cooperating State agencies under the authority of the Agricultural 

Marketing Act of 1946. The purpose is to provide dairy farmers and their 

cooperatives, processors, buyers and sellers of dairy products, and others 

with information which will help in making buying and selling decisions and 

future planning. 

This is an annual summary of market statistics on dairy products collected 

and compiled by Dairy Programs of USDA's Agricultural Marketing Service 

(AMS), and published in "Dairy Market News," a weekly report. This annual 

summary contains data for 2020. Similar data have been published for the 

period 1940 through 2019. 

Issued May 2021 

The U.S. Department of Agriculture (USDA) prohibits discrimination in all its 

programs and activities on the basis of race, color, national origin, age, 

disability, and where applicable, sex, marital status, familial status, 

parental status, religion, sexual orientation, genetic information, political 

beliefs, reprisal, or because all or a part of an individual’s income is 

derived from any public assistance program. (Not all prohibited 

bases apply to all programs.) Persons with disabilities who require 

alternative means for communication of program information (Braille, large 

print, audiotape, etc.) should contact USDA’s TARGET Center at (202) 720-2600 

(voice and TDD). 

To file a complaint of discrimination, write to USDA, Director, Office of 

Civil Rights, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410, or 

call (800) 795-3272(voice) or (202) 720-6382 (TDD). USDA is an equal 

opportunity provider and employer. 
TABLE OF CONTENTS 

Page 

SUMMARY OF DAIRY MARKET NEWS OPERATIONS DURING 2020 3 

MARKET NEWS FIELD OFFICE 4 

I. STORAGE

Holdings of dairy products in selected storage centers, by week, 2020 5 

II. DAIRY RELATED INFORMATION

International Dairy Market News 2020 Oceania and Western Europe and South America 

Export Prices 6-8

Dairy Market News: Voice Availability 9 

Dairy Market News: Internet Availability 10-12

Dairy Market News: Terminology 13-17

Dairy Market News: Working Guidelines 18-19

National Dairy Products Sales Reports 20 

2020 January – December Monthly and Annual Averages 21-23

III. ORGANIC REPORTS

2020 U.S. Organic Half Gallon Milk Weekly Weighted Average 

Advertised Prices National and Regional 24 

2020 U.S. Half Gallon Milk Weekly Weighted Average Advertised Prices 

Conventional and Organic 25 
SUMMARY OF DAIRY MARKET NEWS OPERATIONS DURING 2020 

Dairy Market News covers markets for dairy products of commercial significance. These 

include butter, various kinds of cheese, concentrated and dry milk products, and fluid 

milk and cream. The kinds of market data gathered are determined by industry needs and 

by the willingness of industry members to voluntarily provide the necessary information. 

Market News reporters obtain information by telephone, Market News Communication System, 

fax and e-mail. They use the telephone most extensively in reaching buyers and sellers 

across the country and around the world. 

Dairy Market News also includes import and export information and USDA releases on milk 

and dairy product production, marketings, stocks, prices, and outlook and situation 

information. 

Prices are reported for trucklot or carlot quantities (40,000 to 45,000) pounds and 

tanklot quantities (49,000 pounds). Prices for most products are issued once a week and 

represent a range of values for the entire week. In calculating the monthly average, the 

weekly price is applied to each workday in the week that is within the month (Saturdays, 

Sundays, and holidays excluded). This procedure is called time weighting. It is important 

for months having a split week because it gives the proper weight to the days in each 

month. No monthly average price is computed if one or more weekly prices are missing. 

Monthly averages for prices reported more than once a week are simple averages of all 

prices reported during the month. Yearly averages are simple averages of the monthly 

average prices. No yearly average is computed if one or more monthly average prices are 

missing. The monthly CME Group exchange averages are simple averages of all the closes 

during the month. 

In addition to the printed report, Market News information is carried by news services 

and by newspapers, radio and television. Information also is available by telephone from 

Market News reporters. Some information is provided around the clock by recorded 

telephone messages (608-422-8602). Information is continually available on the Internet 

at: www.ams.usda.gov/dairymarketnews 

My Market News data can also be accessed through the application programing interface 

on the My Market News site: https://mymarketnews.ams.usda.gov

3
DAIRY PROGRAMS, AMS 

MARKET INFORMATION BRANCH 

MARKET NEWS FIELD OFFICE 

Janet Linder, Deputy Director 

Phone 608-422-8588 

Janet.Linder@usda.gov 

4600 American Parkway, STE 106 

Madison, WI 53718 

Phone: 608-422-8587 

FAX: 608-240-6689 

Recorded Information: 608-422-8602 

Internet Address: www.ams.usda.gov/dairymarketnews

Portal database: http://www.marketnews.usda.gov/portal/da

My Market News: https://mymarketnews.ams.usda.gov 

Current Dairy Market News contacts: https://www.ams.usda.gov/market-news/dairycontacts

Dairy Market News Contacts as of April 2021 

GENERAL NUMBER 

(608) 422-8587

Elizabeth Frederick 

(608) 422-8591

Elizabeth.Frederick@USDA.GOV

WEST 

Mike Bandli

(608) 422-8592

Mike.Bandli@USDA.GOV

 WEST 

Roman Caraman 

(608) 422-8593

Roman.Caraman@USDA.GOV

 WEST 

Chelsea Rochelle 

(608) 422-8594

Chelsea.Rochelle@USDA.GOV

EAST/SOUTH AMERICA

Jessica Mueller 

(608) 422-8589

Jessica.Mueller@USDA.GOV

ORGANIC/ EAST 

Daniel Johnson 

(608) 422-8605

Daniel.Johnson4@USDA.GOV

EUROPE/OCEANIA 

 Eric Graf 

(608) 422-8590

Eric.Graf@USDA.GOV

CENTRAL 

Israel Weber 

(608) 422-8601

Israel.Weber@USDA.GOV

DEPUTY DIRECTOR, DAIRY MARKET NEWS 

 Janet Linder 

(608) 422-8588

Janet.Linder@USDA.GOV

DIRECTOR, DAIRY MARKET NEWS 

 Butch Speth 

(608) 422-8586

Butch.Speth@USDA.GOV

4
Table 3 -- Storage: Holdings of dairy products in selected storage centers, 

by weeks, 2020 1/

(Includes Government stocks)

------------------------------------------------------------------------------- 

 Week : : American :: Week : : American

 ending : Butter : cheese :: ending : Butter : cheese

------------------------------------------------------------------------------- 

: 1,000 lbs. :: : 1,000 lbs.

: ---------- :: : ----------

 JAN 03 : 49,756 78,392 :: JUL 03 : 81,448 80,734

10 : 52,716 69,301 :: 10 : 81,886 79,758

17 : 55,964 67,643 :: 17 : 81,695 79,513

24 : 58,014 67,718 :: 24 : 80,839 79,183

31 : 61,378 69,884 :: 31 : 80,619 78,624

 FEB 07 : 63,854 72,389 :: AUG 07 : 80,679 78,958

14 : 67,239 70,407 :: 14 : 80,824 79,283

21 : 70,259 77,775 :: 21 : 79,527 80,188

28 : 71,497 76,707 :: 28 : 78,153 79,286

 MAR 06 : 73,288 76,388 :: SEP 04 : 76,397 80,952

13 : 74,390 76,851 :: 11 : 74,983 81,550

20 : 69,905 75,849 :: 18 : 73,984 78,487

27 : 73,130 75,611 :: 25 : 71,710 79,031

 APR 03 : 74,320 76,537 :: OCT 02 : 68,710 77,208 

10 : 75,990 77,048 :: 09 : 67,065 75,806

17 : 68,446 81,461 :: 16 : 66,388 75,897

24 : 82,396 82,124 :: 23 : 64,275 73,279

 MAY 01 : 82,779 91,327 :: 30 : 92,481 73,112

08 : 84,771 90,892 :: NOV 06 : 92,490 73,356

15 : 85,125 92,504 :: 13 : 56,744 72,919

22 : 82,681 93,826 :: 20 : 52,950 73,875 

29 : 81,883 93,721 :: 27 : 51,500 74,980 

 JUN 05 : 80,524 92,725 :: DEC 04 : 49,923 76,176

12 : 80,422 84,871 :: 11 : 36,991 75,994 

19 : 80,581 85,872 :: 18 : 44,646 74,390 

26 : 80,130 79,522 :: 25 : 41,942 74,296

 ------------------------------------------------------------------------------- 

 1/ Holdings as of mornings of given dates. 

5
REPORT BUTTER SKIM MILK POWDER WHOLE MILK POWDER BUTTER OIL WHEY POWDER

1 3925 - 4100 2775 - 2950 3375 - 3500 4825 - 5450 775 - 1050

3 3950 - 4200 2850 - 2975 3375 - 3500 4850 - 5325 800 - 1025

5 3925 - 4125 2850 - 2975 3325 - 3450 4900 - 5100 850 - 1025

7 3900 - 4100 2825 - 2975 3325 - 3450 5000 - 5100 850 - 1025

9 3775 - 3975 2700 - 2850 3250 - 3375 4850 - 4975 800 - 975 

11 3775 - 4100 2675 - 2850 3275 - 3400 4725 - 5225 800 - 1050

13 3050 - 3900 2025 - 2525 2625 - 3150 3750 - 4150 775 - 975 

15 2475 - 3175 1700 - 2050 2425 - 2675 3750 - 4100 575 - 825 

17 2275 - 2675 1675 - 1875 2325 - 2550 3325 - 4050 600 - 825 

19 2350 - 2600 1700 - 1900 2350 - 2500 3100 - 4100 625 - 825 

21 2425 - 2750 1750 - 1900 2300 - 2475 3100 - 4150 650 - 825 

23 2500 - 2875 1825 - 1975 2300 - 2475 3075 - 3975 650 - 825 

25 2700 - 2950 1875 - 1975 2300 - 2475 3225 - 3700 625 - 825 

27 3575 - 3725 2425 - 2575 3050 - 3175 3925 - 4400 800 - 1000

29 3725 - 3950 2375 - 2525 3025 - 3200 4675 - 4850 775 - 1025

31 3825 - 4050 2400 - 2600 3150 - 3325 4650 - 4975 800 - 1050

33 3925 - 4250 2350 - 2625 3200 - 3375 4800 - 4950 775 - 1050

35 3950 - 4125 2375 - 2675 3175 - 3375 4925 - 5100 775 - 1025

37 3975 - 4175 2525 - 2725 3175 - 3375 4925 - 5025 800 - 1025

39 4000 - 4225 2525 - 2725 3200 - 3400 4850 - 5075 825 - 1025

41 3950 - 4200 2500 - 2700 3150 - 3375 4700 - 5075 850 - 1025

43 3950 - 4200 2500 - 2675 3125 - 3375 4725 - 5125 850 - 1000

45 3875 - 4175 2450 - 2675 3175 - 3375 4525 - 4775 825 - 1000

47 3900 - 4200 2450 - 2650 3175 - 3350 4600 - 4800 850 - 1000

49 3900 - 4200 2550 - 2700 3250 - 3400 4600 - 4950 850 - 1000

51 3925 - 4150 2525 - 2800 3300 - 3450 4750 - 4925 900 - 1050

Information gathered for this report is from trades, offers to sell, and secondary data. Metric ton = 2,204.6 pounds.

INTERNATIONAL DAIRY MARKET NEWS 

2020 WESTERN EUROPE EXPORT PRICES 

U.S. dollars per metric ton, F.O.B. port.

6
Information gathered for this report is from trades, offers to sell, and secondary data. Metric ton = 2,204.6 pounds.

REPORT BUTTER SKIM MILK POWDER WHOLE MILK POWDER CHEDDAR CHEESE

1 3800 - 3925 2800 - 2950 3075 - 3175 3800 - 4050

3 3975 - 4075 3000 - 3275 3125 - 3175 3950 - 4075

5 4225 - 4250 3025 - 3125 3225 - 3250 4000 - 4175

7 4200 - 4300 2875 - 3100 3000 - 3075 4200 - 4425

9 4050 - 4125 2800 - 3250 2950 - 3000 4475 - 4625

11 4075 - 4350 2725 - 2850 2925 - 2975 4250 - 4300

13 4100 - 4550 2500 - 2975 2750 - 2850 4375 - 4500

15 4275 - 4350 2525 - 2825 2800 - 2850 4400 - 4500

17 4175 - 4300 2400 - 2575 2675 - 2800 4450 - 4550

19 3875 - 4000 2400 - 2500 2625 - 2800 4000 - 4400

21 3800 - 3900 2550 - 2650 2600 - 2750 3875 - 4000

23 3600 - 3675 2525 - 2600 2675 - 2925 3575 - 4350

25 3575 - 3700 2550 - 2725 2700 - 2875 3525 - 4050

27 3600 - 3700 2575 - 2725 2750 - 2875 3575 - 4050

29 3700 - 3800 2675 - 2875 2950 - 3525 3700 - 4200

31 3475 - 3575 2675 - 2775 3225 - 3350 3700 - 3800

33 3450 - 3500 2600 - 2850 3025 - 3100 3400 - 3650

35 3300 - 3500 2625 - 3150 2925 - 3050 3375 - 3700

37 3300 - 3675 2625 - 2775 2825 - 3000 3350 - 3700

39 3250 - 3400 2875 - 3025 2950 - 3050 3625 - 3725

41 3275 - 3700 2850 - 3225 2950 - 3125 3650 - 3875

43 3625 - 3825 2825 - 2900 2975 - 3100 3750 - 3925

45 3725 - 3925 2725 - 2850 2950 - 3050 3725 - 3900

47 3800 - 3850 2775 - 2850 3000 - 3075 3575 - 3650

49 3875 - 4025 2825 - 2925 3050 - 3175 3700 - 3850

51 4125 - 4250 2925 - 2950 3200 - 3225 3875 - 3925

INTERNATIONAL DAIRY MARKET NEWS 

2020 OCEANIA EXPORT PRICES 

U.S. dollars per metric ton, F.O.B. port.

7
Information gathered for this report is from trades, offers to sell, and secondary data. Metric ton = 2,204.6 pounds.

REPORT SKIM MILK POWDER WHOLE MILK POWDER

1 2700 - 3100 3050 - 3250

3 2900 - 3150 3050 - 3250

5 3000 - 3100 3150 - 3300

7 2800 - 3000 3000 - 3200

9 2750 - 2950 2900 - 3100

11 2650 - 2850 2900 - 3000

13 2550 - 2750 2800 - 2900

15 2550 - 2750 2800 - 3100

17 2500 - 2700 2750 - 3050

19 2400 - 2600 2650 - 2950

21 2450 - 2650 2750 - 3100

23 2500 - 2600 2700 - 3050

25 2600 - 2700 2750 - 3075

27 2600 - 2700 2750 - 3075

29 2650 - 2750 2900 - 3250

31 2650 - 2750 3000 - 3350

33 2550 - 2700 2900 - 3250

35 2550 - 2700 2850 - 3150

37 2550 - 2750 2850 - 3150

39 2750 - 2950 2950 - 3150

41 2750 - 2950 3000 - 3100

43 2750 - 2950 3000 - 3100

45 2650 - 2850 2950 - 3050

47 2750 - 2850 3000 - 3050

49 2850 - 2925 3150 - 3225

51 2875 - 2975 3175 - 3225

INTERNATIONAL DAIRY MARKET NEWS 

2020 SOUTH AMERICA EXPORT PRICES 

U.S. dollars per metric ton, F.O.B. port.

8
DIAL 608-422-8602 

MARKET NEWS INFORMATION BY PHONE 

The system is accessible via a touch-tone telephone. By listening to the menu and pressing the appropriate numbers, ylatest CME Group daily pricing for cheese, NDM, butter, and dry whey, weekly domestic DMN dry product prices, antional dairy product prices. Release day (s) and times (Central) are in parenthesis. 1/ 

CME Group Cash Prices 

Cheese 

NDM

Butter 

Whey 

(Daily-12:15 p.m.) 

PRESS 1 

DMN Domestic Dry Product 

Prices 

(TH-Weekly 11:00 a.m.) 

PRESS 2 

DMN Inte

(TH-Biwe

P

1/ Holidays may affect release days and times. 

9
DAIRY MARKET NEWS HOME PAGE

The Dairy Market News homepage contains links to Dairy Program resources, including the My Market News database,

individual Dairy Market News reports, the mandatory reporting program, Class milk prices, and frequently used reports

from sister agencies, such as National Agricultural Statistics Service, and Foreign Agricultural Service.  

https://www.ams.usda.gov/market‐news/dairy

10
DAIRY MARKET NEWS PORTAL

The Dairy Market News portal homepage contains links to Dairy Program resources, including the legacy Dairy Market

News database, or portal, and individual Dairy Market News reports.  

https://www.marketnews.usda.gov/mnp/da‐home

   

11
MY MARKET NEWS

The My Market News homepage provides access to reports from several commodity groups within Agricultural

Marketing Service, including Dairy, Livestock/Poultry/Grain, and Cotton/Tobacco. Reports are continuously being added

to this database from the legacy portal sites of Market News. This site also houses the Market News API, where users

can search for and download data files using the application programming interface (API).  

https://mymarketnews.ams.usda.gov/

12
DAIRY MARKET NEWS TERMINOLOGY 

Over the years, those engaged in the marketing of dairy products have developed a language peculiar to the trade. Numerous terms and phrases having special 

meanings are in frequent use. Market reports are intended to convey useful information to readers regarding important phases of a market situation and are best 

understood by the trade if words and expressions employed are in common usage. The following terms, definitions and abbreviations are used in describing dairy 

markets and market situations. 

AMS - Agricultural Marketing Service: An agency of the U.S. Department of Agriculture. This agency's responsibilities include administering marketing order 

programs, standardization, inspection and grading, market news, and the research and promotion programs. 

BARREL - A single commercial unit of cheese weighing 500 pounds. 

BLOCK – A single commercial unit of cheese weighing either 40 or 640 pounds. 

BULK BUTTER - Packed 68 pounds or 25 kg, net weight, in corrugated boxes. 

BUTTERFAT / MILKFAT - The fat portion of whole milk.

CCC - Commodity Credit Corporation: An agency of the U.S. Department of Agriculture. This agency is authorized to assist agricultural producers through 

loans, purchases, payments and other operations, and makes available materials and facilities required in the production and marketing of agricultural 

commodities. 

CIF - Cost, Insurance, and Freight. 

CLASS AND COMPONENT PRICES AND PRODUCT PRICE FORMULAS: Prices are derived from National Dairy Products Sales Report collected by the 

Agricultural Marketing Service on a weekly basis. Average monthly weighted prices of NDM, whey, butter, and cheese are calculated and used in the Federal 

milk order program product price formulas. The formulas can be found at: http://www.ams.usda.gov/mnreports/dymclassprices.pdf 

CME GROUP – Derivatives marketplace for agricultural, energy, equities, and other markets. CME Group also operates cash spot markets for many 

commodities. 

COLD STORAGE HOLDINGS - Products normally held for 30 days or more in public, private, and semiprivate refrigerated storage facilities. Does not 

include products in wholesalers' and retailers' storage facilities, which are normally held less than 30 days. 

COMMERCIAL DISAPPEARANCE - Commercial disappearance includes civilian and military purchases of milk and dairy products for domestic and 

foreign use, but excludes farm household use and USDA donations of dairy products. Disappearance is a residual figure and therefore can be affected by any 

inaccuracies in estimating milk production, on-farm use, stocks, and imports. 

COMMERCIAL STOCKS - Total U.S. stocks or holdings, minus Government-owned stocks or holdings. 

COMPONENT PRICE – Value of milk’s major components - butterfat, nonfat solids, or protein and other solids. The component prices are derived from 

weekly prices published in the National Dairy Products Sales Report (collected by AMS) for the major dairy products made from the components - butter, 

NDM, cheese, and dry whey. 

CONTRACT SALES - Contract sales (oral or written) include product that is earmarked for a regular established outlet. The contract may cover a specified 

period of time or volume. The price may be fixed or based on negotiated differentials over or under some base price or index. 

DAIRY MARKET NEWS – DMN: A program administered by USDA, Agricultural Marketing Service which collects and provides timely and accurate 

information pertaining to supply and demand conditions for milk and dairy products. The program provides weekly/biweekly dairy market information to 

assist industry participants in making current buying and selling decisions and aid in future planning. 

DMN REGIONS: 

 DOMESTIC: 

CENTRAL - Arkansas, Illinois, Indiana, Iowa, Kansas, Louisiana, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, Oklahoma, 

South Dakota, Texas, and Wisconsin 

NORTHEAST - Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, 

and Vermont 

 SOUTHEAST - Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia 

WEST - Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming 

 INTERNATIONAL: 

EASTERN EUROPE - Belarus, Bulgaria, Czechoslovakia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, and Ukraine 

 OCEANIA - Australia and New Zealand 

WESTERN EUROPE (EU-15) - Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, 

Portugal, Spain, Sweden, and United Kingdom 

13
EU-27 – All EU-15 countries plus Bulgaria, Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Romania, Slovakia 

and Slovenia. 

SOUTH AMERICA – Argentina, Brazil, Chile, Colombia, Ecuador, Uruguay, Paraguay, Peru 

DELIVERED EQUIVALENT - Prices are derived by using an f.o.b. price, plus an adjustment to reflect the cost of transporting the product to a specified area. 

DELIVERED PRICE - F.O.B. price plus transportation and handling. 

DEMAND - The desire to possess a commodity, coupled with the willingness and ability to pay. 

 VERY GOOD – Offerings or supplies are rapidly being absorbed. 

 

GOOD – Firm confidence on the part of buyers that general market conditions are good. Trading is more active than normal. 

 

MODERATE – Average buyer interest and trading. 

 

LIGHT – Demand is below average. 

 

VERY LIGHT – Few buyers are interested in trading. 

ERS - Economic Research Service: An agency of the U.S. Department of Agriculture. This agency's responsibilities include providing economic research and 

forecasting. 

EX DOCK - Often seen as "Ex Doc, Duty Paid." Imported product that has cleared customs and all paperwork has been completed. Product is available for 

pickup by the buyer. 

EX WORKS - A trade term that describes when a seller makes a product available at a designated location, and the buyer of the product must cover the 

transport costs. 

EXCHANGE - An organization which establishes and enforces rules of trade in a market (cash and futures markets). Terms used by DMN which are 

associated with exchange trading. 

BID - Refers to the price a buyer is willing to pay for a product. May raise the trading level. 

CARLOT – CME Group – 

Cheese = 40,000 - 44,000 pounds 

 Butter = 40,000 - 43,000 pounds 

 NDM = 41,000 – 45,000 pounds 

 Dry Whey = 41,000 – 45,000 pounds 

 

OFFER - Refers to the price an owner is willing to accept for a product. May lower the trading level. 

SALE - A bid filled or an offer covered. 

FAS - Foreign Agricultural Service: An agency of the U.S. Department of Agriculture. This agency's responsibilities include providing foreign agricultural 

information, administering import regulations, and assisting in the export of U.S. farm products. 

FEDERAL MILK MARKETING ORDERS – Federal Milk Marketing Orders (FMMO) are authorized by the Agricultural Marketing Agreement Act of 1937. 

Under this law, the Secretary of Agriculture may establish Federal Orders that apply to buyers (handlers) of milk. Basically, a milk order is a legal document 

issued to regulate the minimum prices paid to dairy farmers by handlers of Grade A milk in a specified marketing area. Milk under the Federal Milk Marketing 

Order system is separated into four separate classes: 

 CLASS I - Milk used for beverages including eggnog and ultra-high temperature (UHT) milk. 

CLASS II - Milk used for soft products. This includes cottage cheese, ricotta cheese, pot cheese, Creole cheese, milk shake and ice milk mixes, 

frozen desserts, aerated cream, frozen cream, sour cream, half and half, yogurt, custards, puddings, pancake mixes, batter, buttermilk biscuit mixes, 

infant or dietary formulas packaged in hermetically sealed containers, candy, soup and bakery products for general distribution to the public 

including sweetened condensed milk used for manufacture of aforesaid products, and fluid cream or any product containing artificial fat or the fat 

substitutes that resemble fluid cream. 

CLASS III - Milk used in the manufacture of cream cheese and other spreadable cheeses, and hard cheese of types that may be shredded, grated, or 

crumbled. It also includes plastic cream, anhydrous milkfat, and butteroil. 

CLASS IV - Milk used to produce butter, any milk product in dry form and evaporated or sweetened condensed milk in a consumer-type package. 

FDA - Food and Drug Administration: An agency of the U.S. Department of Health and Human Services. 

FLUID GRADE MILK (GRADE A) - Milk eligible for sale for use in fluid milk products. This milk must be produced under strict sanitary conditions which 

meet U.S. Public Health Service standards. Fluid grade milk may be used to make manufactured dairy products. 

F.O.B. - Free on Board: Seller places product sold in a railcar, truck, or other form of transportation. The buyer then assumes transportation costs. 

14
FSA - Farm Service Agency: An agency of the U.S. Department of Agriculture. This agency's responsibilities include administering the dairy and other farm 

commodity price support programs. 

FUTURES TERMS - several common terms used by traders in futures markets. 

CFTC - The Commodity Futures Trading Commission as created by the Commodity Futures Trading Commission Act of 1974. This government 

agency currently regulates the nation’s commodity futures industry. 

CME Group – A derivatives marketplace. 

CONTRACT - Unit of trading for a commodity future. Also, actual bilateral agreement between the parties (buyer and seller) of a futures or option 

on futures transaction as defined by an exchange. 

CONTRACT MONTH - The month in which futures contracts may be satisfied by making or accepting delivery. 

DELIVERY - The tender and receipt of an actual commodity or cash in settlement of a futures contract. 

LONG - An investor expecting a futures price to increase may decide to go long or buy a futures contract. 

SHORT - An investor expecting a futures price to decline may go short or sell a futures contract. 

OPEN INTEREST - Total number of futures or options on futures contracts that have not yet been offset or fulfilled by delivery. An indicator of the 

depth or liquidity of a market (the ability to buy or sell at or near a given price) and of the use of a market for risk and/or asset-management. 

SETTLEMENT PRICE - A figure determined by the closing range that is used to calculate gains and losses in futures market accounts. Settlement 

prices are used to determine gains, losses, margin calls, and invoice prices for deliveries. 

VOLUME - The number of transactions in a futures or options on futures contract made during a specified period of time. 

INTERMODAL CONTAINER – standardized bulk shipping container designed to fit truck/rail/ship conveyances 

LTL - Less than truckload quantity. Prices on LTL trades are not reportable prices for DMN. 

MAILBOX PRICES - Net pay prices received by dairy farmers for milk. Prices reflect all payments received 

for milk sold and all costs associated with marketing the milk. 

MANUFACTURING GRADE MILK (GRADE B) - Milk eligible for sale for which use is limited to manufactured dairy products. This milk must be 

produced under conditions which meet state and local standards, but these standards are less stringent than those for fluid grade milk (Grade A). 

MARKET - A term with several meanings: 

A. A geographic location where a commodity is traded.

B. The price, or price level, at which a commodity is traded. 

C. To sell a commodity. 

MARKET ACTIVITY - The rate at which sales are being made. Often stated as: active, moderate, slow, or inactive. 

MARKET CHANNELS: 

BROKER/TRADER - A middleman activity involved in facilitating sales between producers and other levels in the marketing chain. Typically 

does not take title to product. 

FOOD SERVICE - A marketing channel which includes purchases of dairy products by hotels, restaurants, fast food outlets, schools, and 

institutions. 

INDUSTRIAL - A marketing channel which includes dairy products purchased as an ingredient in the production of food and nonfood products. 

RETAIL - A marketing channel which sells dairy products directly to the consumer for personal or household consumption. 

WHOLESALE - A middle link in the food distribution chain. Wholesalers assemble relatively large quantities of product and resell in smaller lots 

to various users such as the food service trade, small retail food stores, and jobbers. Major functions may include assembling, grading, warehousing, 

order taking, cutting, wrapping, printing, and delivery. Customer services such as merchandising aids and credit also may be provided. 

MERCOSUR - An economic and commercial bloc of countries in South America composed of Argentina, Brazil, Paraguay, and Uruguay. Chile, Bolivia, 

Colombia, Ecuador, and Peru are associate countries. 

METRIC CONVERSIONS: 

KG / KILOGRAM = 2.2046 pounds 

MT / METRIC TON = 2,204.6 pounds 

15
MICRO-FIXING – A manufacturing procedure to convert cold storage bulk butter into print butter. 

MPC – Milk protein concentrate. 

MOSTLY - The majority of sales within a reported price range. Transaction driven, not volume weighted. 

NA - Not available, not applicable. 

NASS - National Agricultural Statistics Service: An agency of the U.S. Department of Agriculture. This agency's responsibilities include providing official 

USDA data and estimates of agricultural prices, dairy products, milk production, cold storage, and other items. 

NC - No change. 

NDM – Nonfat Dry Milk – See USDA standards. https://www.ams.usda.gov/grades-standards/dairy-products

NDPSR – National Dairy Products Sales Report. https://www.ams.usda.gov/mnreports/dywdairyproductssales.pdf

NOMINAL PRICES – Prices that reflect buyers’ and sellers’ opinions of current values (bids, offers, grade, and regional differentials, etc.) when there is 

limited trading of a commodity. Ordinarily, published prices are based on three or more separate, actual spot transactions. However, because of the practical 

uses made of pricing information by buyers and sellers, nominal prices are used to indicate where spot trades would occur. If a reporter is unable to gather 

enough information for nominal prices, then prices are reported as too few to report (TFEWR). 

ORGANIC – Organic is a labeling term that indicates that the food or other agricultural product has been produced through USDA approved methods that 

integrate cultural, biological, and mechanical practices that foster cycling of resources, promote ecological balance, and conserve biodiversity. Synthetic 

fertilizers, sewage sludge, irradiation, and genetic engineering may not be used. To be labeled as “organic,” food must be certified as meeting USDA standards. 

PRICE TREND – The direction in which prices are moving in relation to trading in the previous reporting period(s). 

 HIGHER – The majority of sales are at prices measurably higher than the previous trading session. 

 FIRM – Prices are tending higher, but not measurably so. 

 STEADY – Prices are unchanged from the previous trading session. 

 WEAK – Prices are tending lower, but not measurably so. 

 LOWER – Prices for most sales are measurably lower than the previous trading session. 

PRINT BUTTER - Butter which is packaged in one-pound or smaller pieces. 

PRODUCT PRICE FORMULAS – Used to compute advanced prices as well as class and component prices that set the minimum price paid to milk producers 

in all federal milk orders. The formulas consist of weighted average product prices, make allowances, and yield factors. The product prices are those published 

in the National Dairy Products Sales Report (a mandatory survey conducted by AMS) for butter, NDM, cheese, and dry whey. 

https://www.ams.usda.gov/resources/price-formulas

RAILCAR = approximately 130,000 to 160,000 pounds. 

RESALE PRICES - Transactions that reflect product that has been purchased and resold (can be more than once). Trades can occur above, below, or at spot 

prices depending on current market conditions. These trades are not reported in spot price ranges but may be included in comments. 

SMP – Skim Milk Powder 

1. An international market term often used interchangeably for NDM. 

2. A term used in the United States for a dry product made from a blend of condensed skim and another condensed dairy product(s) generally for 

export sales. This product does not meet USDA standards for NDM. 

SOLIDS-NOT-FAT (SNF) - The solids in milk other than milkfat. Also known as nonfat solids. 

SOUTHERN CONE - The region composed of Argentina, Chile, Uruguay, Paraguay and the Southeastern region of Brazil. 

SPOT PRICES - The first sale, f.o.b. the producing plant, of product that has no regular or committed outlet and is sold on the open market for immediate 

delivery or delivery within a few days. 

SUPPLY/OFFERING - The quantity of a particular item available for current sale. 

 

 HEAVY – When the volume of supplies is above average for the market being reported. 

 MODERATE – When the volume of supplies is average for the market being reported. 

 LIGHT – When the volume of supplies is below average for the market being reported. 

TAMBO - A farm level dairy operation in some Latin American countries. 

16
TFEWR - Too few to report - insufficient market information to determine a price. 

TL - Truckload = approximately 40,000 - 44,000 pounds. 

UNDERTONE/TONE - Situation or sense of market direction. 

USPHS - United States Public Health Service: An agency of the U.S. Department of Health and Human Services. This agency’s responsibilities include the 

promulgation and administration of federal standards of identity (which define milk and dairy products) and administering the fluid Grade A milk program 

(which covers the sanitary aspects of milk and processing). 

WET SOLIDS - another term for condensed skim. 

17
DAIRY MARKET NEWS 

Working Guidelines 

The Market News Service is authorized by the Agricultural Marketing Act of 1946 and is supported by annual 

congressional appropriations and user fees. The Agricultural Marketing Act described the purpose of Market 

News in part, as follows: "To collect and disseminate marketing information, including adequate outlook 

information on a market-area basis, for the purpose of anticipating and meeting consumer requirements, aiding 

in the maintenance of farm income, and bringing about a balance between production and utilization of 

agricultural products." 

Dairy Market News reporters collect information through voluntary telephone surveys of industry 

contacts. These contacts represent all segments of the dairy trade including: producers, processors, end users, 

buyers, brokers, and others. The diverse contact base allows reporters to cross-evaluate reported data. All 

reported data is strictly confidential. The information from all contacts is analyzed, summarized and then the 

composite information is released to the industry at a specified time. Reporters seek out any contact that is 

willing to talk to them on a regular basis. 

REPORTING GUIDELINES 

These guidelines are based on reporting principles from our Handbook and are compiled from our actual 

daily operating procedures. 

GENERAL IN NATURE 

 Without industry cooperation there would be no market report 

 Cooperation is possible because the industry values the information for making marketing decisions 

 All information collected is confidential and voluntary 

 Reports are a survey of the industry and not all inclusive 

 Reporters are unbiased in reporting and strive for consistency 

MORE SPECIFIC ISSUES 

 If unable to confirm information with the buyer and seller and it is not representative of the market, 

reporters are under no obligation to use it 

 If a confirmed trade is unrepresentative of the market, reporters are not obligated to use it 

 Uneconomic trading is questioned 

 Quality and terms of sale including transportation are always an issue 

 Reporting procedures are consistent whether prices are increasing or decreasing 

 

18
CONDITIONS OF SALE 

 Reporters are looking for spot sales in carlot/truckload (CL/TL) quantities 

o First sale, FOB plant 

o First sale, FOB plant or warehouse, by marketing agent (effective Report 1 2016)

o Resale information is used for comments only 

 No audits of sales records are performed 

 The mostly price range may be used to more closely define the majority of trades when applicable 

 Mostly price ranges are not volume weighted, but are transaction driven 

 Nominal prices - When not enough actual transactions are reported on a particular product or specific 

grade of product, the reporter may report a nominal price series. Ordinarily, published prices are 

based upon actual transactions; however, because of the practical uses made of price information by 

buyers and sellers, nominal prices may be published for brief periods. Nominal prices represent 

reporters' knowledge and best judgment as to value - - considerations being given to: 

o Expressed opinions of buyers and sellers as to current value 

o Usual price differentials between other grades or levels of trading 

o The general tone of the market, available supplies, etc. 

o Other factors which may have an influence on the price 

No price shall be reported on a particular product or specific grade of product when under the abovementioned conditions, no fair price can be arrived at in the mind of the reporter. 

CONTRACTS 

 The general definition is that reporters use spot sales 

 Some contract sales qualify to be included if they meet certain criteria: 

o include a new contract sale the week it is established 

o if the volume is negotiated each week with none as a possibility 

o prices may be based on an index, but sales must be representative of current market conditions 

 Contract sales are included for lactose and casein markets per industry practice and this is explicitly 

stated in the price line for these reports 

ADDITIONAL 

The industry is consulted when additional products to report are considered. Any changes or modifications 

to reports are noticed to the industry prior to implementation after comprehensive consideration to establish 

that changes are market neutral. 

USDA/AMS/DAIRY MARKET NEWS, 4600 American Parkway, STE 106, Madison, WI 53718 

http://www.ams.usda.gov/market-news/dairy

Issued 2/2007; reissued 12/2015 

19
(12/2019) Table by AMS, Dairy Market News, summarized from information found at https://mpr.datamart.ams.usda.gov/

*Updated to reflect discontinuation of DEIP and clarify disallowance of new premium assisted programs that may be offered. 

NATIONAL DAIRY PRODUCTS SALES REPORTS

Federal statute (7 USC 1637b) requires USDA to collect and release dairy product sales information for butter, cheddar 

cheese, dry whey, and nonfat dry milk, no later than 3 p.m. ET on Wednesday of each week (unless affected by a Federal 

Holiday). The regulations for the Dairy Product Mandatory Reporting Program can be found in 7 CFR 1170. The data in the 

National Dairy Products Sales Report (NDPSR) are also used in the price calculations for the Federal Milk Marketing Orders 

(7 CFR 1000.53).

Current Release and Archives: https://usda.library.cornell.edu/concern/publications/zs25x847n?locale=en

DataMart database: https://mpr.datamart.ams.usda.gov/menu.do?path=Products\Dairy\All%20Dairy 

CRITERIA USED BY NATIONAL WEEKLY NONFAT DRY MILK SALES SURVEYS 

NATIONAL DAIRY PRODUCTS SALES REPORT (AMS) SURVEY (Valid beginning April 1, 2012)

NDM Varieties 

Included

Manufacturer 

Exemptions

Minimum

Transaction 

Size 

Sales Time Frame Include Grade Packaging Exclude

• NonFortified

Processes and 

markets less than 

1 million pounds 

of NDM per 

calendar year

None Sunday -- Saturday 

(Published electronically 

on Wednesdays, no later 

than 3:00 pm ET, with 

data for previous week. 

If a federal holiday falls 

on Monday, Tuesday, or 

Wednesday in any given 

week, then published 

electronically on 

Thursdays, no later than 

3:00 pm ET)

• NDM prepared using low or medium 

heat process

• Complete transactions (product 

shipped out and title transfers)

• Brokerage fees paid by the 

manufacturer

• Clearing charges paid by the 

manufacturer

• Prices as F.O.B. plant or F.O.B. storage 

facility

• USDA Extra 

Grade 

• USPH Grade 

A 

• 25 kg bag

• 50 lb bag

• Tote

• Tanker

• Forward pricing sales in which the 

selling price is established(and not 

adjusted) 30 or more days before 

the transaction is completed

• Intra-company sales on NDM

• Resales of purchased NDM

• NDM certified as organic by a 

USDA-accredited certifying agent

• Sales of NDM produced under faithbased close supervision and 

marketed at a higher price than the 

manufacturer’s wholesale market 

price for the basic commodity

• Premium assisted sales* 

• Sales of NDM more than 180 days 

old

• Instant NDM

• Skim milk powder

• High heat NDM

20
2020 U.S. MONTHLY PRICE AVERAGES (US $/LB)

AREA and PRODUCT : JAN : FEB : MAR : APR : MAY : JUN : JUL : AUG : SEP : OCT 

CME GROUP 1 

BUTTER ‐ DAILY TRADING

GRADE AA 1.8813 1.7913 1.7235 1.1999 1.4710 1.8291 1.6925 1.5038 1.5163 1.455

CHEESE ‐ DAILY TRADING

BARRELS 1.5721 1.5470 1.4399 1.0690 1.5980 2.3376 2.4080 1.4937 1.6401 2.22

40 POUND BLOCKS 1.9142 1.8343 1.7550 1.1019 1.6704 2.5620 2.6466 1.7730 2.3277 2.710

NONFAT DRY MILK ‐ DAILY TRADING

GRADE A 1.2688 1.1816 1.0259 0.8485 0.9191 1.0092 1.0038 0.9830 1.0654 1.118

DRY WHEY ‐ DAILY TRADING

EXTRA GRADE 0.3520 0.3708 0.3339 0.3644 0.3736 0.3181 0.3253 0.3276 0.3564 0.390

DAIRY MARKET NEWS 2 

CHEESE

WISCONSIN

PROCESS AMERICAN 5 POUND LOAF 1.8671 1.8055 1.7613 1.3897 1.6623 2.5047 2.6749 1.9907 1.8446 2.31

BRICK AND/OR MUENSTER 5 POUNDS 2.4880 2.4595 2.3710 1.7858 2.0283 3.0173 3.2867 2.4774 2.7349 3.24

CHEDDAR 40 POUND BLOCK 2.1980 2.1695 2.0810 1.4958 1.7383 2.7273 2.9967 2.1874 2.4449 2.95

MONTEREY JACK 10 POUNDS 2.3530 2.3245 2.2360 1.6508 1.8933 2.8823 3.1517 2.3424 2.5999 3.10

BLUE 5 POUNDS 3.0780 3.0495 2.9610 2.3758 2.6183 3.6073 3.8767 3.0674 3.3249 3.83

MOZZARELLA 5‐6 POUNDS 2.5480 2.5195 2.4310 1.8458 2.0883 3.0773 3.3467 2.5374 2.7949 3.30

SWISS 6‐9 POUND CUTS 3.1070 3.2429 3.2022 2.9614 2.9215 2.8556 2.5210 2.3938 3.1884 3.73

NORTHEAST

CHEDDAR 40 POUND BLOCK 2.5042 2.4757 2.3873 1.8020 2.0445 3.0335 3.3030 2.4936 2.7511 3.25

PROCESS AMERICAN 5 POUND SLICED 1.9971 1.9355 1.8913 1.4847 1.7373 2.5797 2.7499 2.0657 1.9196 2.38

MUENSTER 2.5230 2.4945 2.4060 1.8208 2.0633 3.0523 3.3217 2.5124 2.7699 3.27

SWISS 10‐14 POUND CUTS 3.6945 3.8406 3.7985 3.5489 3.5090 3.4431 3.1085 2.9813 3.7759 4.32

WEST

PROCESS AMERICAN 5 POUND LOAF 1.8321 1.7705 1.7263 1.3547 1.6273 2.4697 2.6399 1.9557 1.8096 2.27

CHEDDAR 40 POUND BLOCK 2.2330 2.2045 2.1160 1.5308 1.7733 2.7623 3.0317 2.2224 2.4799 2.98

CHEDDAR 10 POUND CUTS 2.3355 2.3070 2.2185 1.6333 1.8758 2.8648 3.1342 2.3249 2.5824 3.08

MONTEREY JACK 10 POUNDS 2.3605 2.3320 2.2435 1.6583 1.9008 2.8898 3.1592 2.3499 2.6074 3.11

SWISS 6‐9 POUND CUTS 3.3457 3.4918 3.4498 3.2001 3.1603 3.0943 2.7598 2.7925 3.6371 4.18

FLUID PRODUCTS

CLASS II CREAM

NORTHEASTERN ‐ F.O.B. 2.1614 2.0461 1.9637 0.9716 1.5989 2.5839 2.3780 2.1107 2.0183 2.019

MIDWESTERN ‐ F.O.B. 2.3045 2.1408 2.0912 1.1746 1.7044 2.5417 2.3992 2.1264 1.9845 1.974

CONDENSED SKIM ‐ NORTHEASTERN ‐ F.O.B.

CLASS II 0.8690 0.9000 0.8500 0.4341 0.6638 0.8273 0.8500 0.9071 0.9321 0.99

CLASS III 0.8048 0.8500 0.7489 0.4000 0.5975 0.7523 0.7750 1.1333 1.1369 1.075

1 Monthly averages are a simple average of all the closes during the month.

2 Monthly averages are based on weekly prices and are time‐weighted according to the number of workdays in the month ‐ Saturdays, Sundays and National Holidays excluded.

21
2020 U.S. MONTHLY PRICE AVERAGES (US $/LB)

AREA and PRODUCT : JAN : FEB : MAR : APR : MAY : JUN : JUL : AUG : SEP : OCT 

DAIRY MARKET NEWS, CONTINUED 2 

DRY PRODUCTS

NONFAT DRY MILK

EASTERN AND CENTRAL ‐ LOW/MEDIUM HEAT 1.2683 1.2246 1.1005 0.9039 0.8980 1.0094 1.0203 0.9798 1.0421 1.11

‐‐MOSTLY 1.2581 1.2305 1.0935 0.8898 0.8943 1.0167 1.0177 0.9921 1.0379 1.10

EASTERN AND CENTRAL ‐ HIGH HEAT 1.3271 1.3166 1.2534 1.0366 1.0342 1.1207 1.1509 1.1036 1.1430 1.18

WESTERN ‐ LOW/MEDIUM HEAT 1.2543 1.2118 1.0818 0.8980 0.8832 0.9924 1.0148 0.9754 1.0414 1.11

‐‐MOSTLY 1.2583 1.2153 1.0818 0.8789 0.8935 1.0095 1.0142 0.9799 1.0393 1.12

WESTERN ‐ HIGH HEAT 1.3738 1.3433 1.2341 1.0468 1.0568 1.1450 1.1455 1.1096 1.1585 1.20

DRY WHEY

CENTRAL 0.3427 0.3505 0.3511 0.3550 0.3687 0.3381 0.3114 0.3177 0.3188 0.35

‐‐MOSTLY 0.3471 0.3591 0.3540 0.3528 0.3644 0.3491 0.3215 0.3010 0.3095 0.34

WESTERN 0.3460 0.3761 0.3468 0.3493 0.3719 0.3359 0.3298 0.3310 0.3369 0.37

‐‐MOSTLY 0.3526 0.3720 0.3691 0.3635 0.3770 0.3517 0.3495 0.3412 0.3407 0.37

NORTHEASTERN ‐ EXTRA AND GRADE A 0.3449 0.3585 0.3738 0.3795 0.3806 0.3765 0.3489 0.3487 0.3302 0.35

WHEY PROTEIN CONCENTRATE 34%

CENTRAL AND WESTERN 1.0020 1.0339 1.0547 1.0186 0.9509 0.9274 0.9002 0.8720 0.8665 0.90

‐‐MOSTLY 1.0017 1.0140 1.0148 1.0027 0.9590 0.9356 0.8945 0.8591 0.8500 0.88

ANIMAL FEED

CENTRAL ‐ MILK REPLACER 0.2900 0.2997 0.2973 0.2968 0.3098 0.2914 0.2680 0.2540 0.2767 0.28

DRY BUTTERMILK

EASTERN AND CENTRAL 1.1483 1.1613 1.1303 0.9736 0.9210 0.9774 1.0113 0.9819 0.9801 0.98

WESTERN 1.1231 1.1450 1.1335 0.9766 0.8735 0.9222 0.9261 0.9388 0.9424 0.97

‐‐MOSTLY 1.1320 1.1574 1.1391 0.9936 0.9045 0.9227 0.9196 0.9440 0.9483 0.95

DRY WHOLE MILK

NATIONAL 1.8083 1.8118 1.7807 1.6766 1.6808 1.6909 1.6978 1.6714 1.6855 1.65

LACTOSE

CENTRAL AND WESTERN 0.3157 0.3236 0.3294 0.3658 0.4129 0.4373 0.4997 0.5181 0.5114 0.50

‐‐MOSTLY 0.2979 0.3043 0.3107 0.3467 0.4018 0.4618 0.5170 0.5136 0.5056 0.50

CASEIN

RENNET 4.1240 4.4857 4.5139 4.4036 4.0582 3.8696 3.6438 3.5410 3.5113 3.50

ACID 3.6645 3.7338 3.8031 3.9980 3.8798 3.8614 3.8500 3.8499 3.7624 3.69

2 Monthly averages are based on weekly prices and are time‐weighted according to the number of workdays in the month ‐ Saturdays, Sundays and National Holidays excluded.

22
2020 INTERNATIONAL MONTHLY PRICE AVERAGES (US $/MT)

AREA and PRODUCT : JAN : FEB : MAR : APR : MAY : JUN : JUL : AUG : SEP : OCT 

DAIRY MARKET NEWS 3 

BUTTER (82% BUTTERFAT)

‐‐ OCEANIA 4096 4169 4273 4210 3824 3641 3639 3440 3414 367

‐‐ WESTERN EUROPE 4045 3938 3626 2602 2579 3056 3857 4063 4092 406

BUTTEROIL (99% BUTTERFAT)

‐‐ WESTERN EUROPE 5056 4981 4414 3758 3594 3699 4706 4945 4957 485

CHEDDAR CHEESE (39% MAXIMUM MOISTURE)

‐‐ OCEANIA 4034 4431 4365 4427 4018 3835 3845 3531 3626 380

SKIM MILK POWDER (1.25% BUTTERFAT)

‐‐ OCEANIA 3076 3006 2755 2549 2548 2624 2737 2801 2860 290

‐‐ SOUTH AMERICA 3020 2875 2695 2600 2536 2627 2693 2626 2768 282

‐‐ WESTERN EUROPE 2906 2838 2460 1816 1836 2102 2478 2512 2622 258

WHEY POWDER (NONHYGROSCOPIC)

‐‐ WESTERN EUROPE 923 913 882 710 734 784 911 907 922 926 

WHOLE MILK POWDER (26% BUTTERFAT)

‐‐ OCEANIA 3185 3006 2870 2765 2715 2798 3204 3020 2969 302‐‐ SOUTH AMERICA 3183 3050 2905 2900 2877 2904 3097 3036 3030 303‐‐ WESTERN EUROPE 3416 3350 3061 2476 2398 2618 3167 3281 3285 326

3 Monthly averages are based on weekly prices and are time‐weighted according to the number of workdays in the month ‐ Saturdays, Sundays excluded.

23
Week Conventional Organic Spread

1 1.60 3.85 2.25

2 3.00 3.66 0.66

3 2.32 3.62 1.30

4 1.59 3.57 1.98

5 1.45 3.86 2.41

6 2.96 4.04 1.08

7 2.07 4.17 2.10

8 2.88 3.81 0.93

9 1.41 4.24 2.83

10 2.64 4.24 1.60

11 2.39 3.99 1.60

12 1.45 3.82 2.37

13 1.38 3.95 2.57

14 n.a. 4.15 n.a.

15 n.a. 4.11 n.a.

16 1.08 4.05 2.97

17 1.93 3.83 1.90

18 1.40 4.88 3.48

19 2.79 3.61 0.82

20 3.99 4.07 0.08

21 1.97 4.20 2.23

22 2.29 3.58 1.29

23 2.55 4.28 1.73

25 1.95 3.99 2.04

26 1.63 3.78 2.15

28 1.76 3.81 2.05

29 2.42 4.01 1.59

30 1.67 4.09 2.42

31 1.98 3.79 1.81

32 1.71 4.11 2.40

33 2.16 4.07 1.91

34 1.81 3.89 2.08

35 1.07 4.10 3.03

37 1.99 4.21 2.22

38 2.23 3.75 1.52

39 0.99 3.82 2.83

40 2.65 4.01 1.36

41 2.41 4.31 1.90

42 2.34 3.47 1.13

43 2.66 4.22 1.56

44 2.66 3.93 1.27

45 1.27 3.70 2.43

46 2.57 3.92 1.35

47 2.48 4.08 1.60

48 3.99 4.91 0.92

49 2.57 3.72 1.15

50 2.70 3.52 0.82

51 2.24 3.24 1.00

52 0.99 4.44 3.45

53 2.05 3.92 1.87

Annual

Average 2.13 3.97 1.83

2020 U.S. Half Gallon Milk 

Weekly Weighted Average Advertised Prices, U.S. Dollars

Conventional and Organic 

24
Week NE SE MW SC SW NW HA AL U.S.

1 4.28 3.71 3.52 3.88 3.67 n.a. n.a. 3.29 3.85

2 4.11 3.80 3.10 3.69 3.97 3.61 n.a. 4.09 3.66

3 3.84 3.84 2.63 2.49 4.99 4.18 n.a. 2.79 3.62

4 4.40 3.78 2.84 2.49 3.55 3.59 n.a. 2.79 3.57

5 4.05 3.95 2.99 3.88 3.99 3.32 n.a. n.a. 3.86

6 3.87 3.99 n.a. n.a. 4.99 3.97 n.a. n.a. 4.04

7 4.43 4.48 n.a. 4.28 3.71 3.17 n.a. n.a. 4.17

8 4.13 3.75 3.00 3.99 4.19 3.33 5.29 n.a. 3.81

9 4.30 4.55 3.49 3.50 3.99 n.a. n.a. 3.00 4.24

10 4.34 4.50 3.99 4.29 2.99 n.a. n.a. 2.99 4.24

11 4.17 3.78 n.a. 4.12 3.99 3.35 n.a. n.a. 3.99

12 4.03 3.99 3.00 n.a. 3.84 n.a. n.a. n.a. 3.82

13 3.83 3.99 n.a. n.a. 4.07 n.a. n.a. n.a. 3.95

14 4.14 3.88 n.a. 4.29 n.a. 4.39 n.a. n.a. 4.15

15 3.99 n.a. n.a. n.a. n.a. 4.15 n.a. n.a. 4.11

16 3.99 4.35 n.a. 4.29 2.99 4.39 n.a. n.a. 4.05

17 3.79 n.a. 3.29 3.29 4.99 4.39 n.a. 3.49 3.83

18 n.a. n.a. n.a. n.a. 4.99 n.a. n.a. 3.49 4.88

19 n.a. 3.79 3.23 3.29 4.99 n.a. n.a. n.a. 3.61

20 3.65 4.29 n.a. 4.29 4.99 2.99 n.a. n.a. 4.07

21 4.99 2.99 3.75 3.54 4.02 4.29 n.a. n.a. 3.92

22 3.87 3.50 2.99 4.29 4.49 n.a. n.a. n.a. 3.58

23 4.00 4.50 n.a. n.a. 3.95 3.99 n.a. 3.49 4.28

24 4.13 n.a. n.a. 3.99 3.97 3.80 n.a. n.a. 3.93

25 3.69 3.99 n.a. n.a. 4.02 4.19 0.75 n.a. 3.99

26 4.49 4.49 2.99 2.99 4.99 n.a. n.a. n.a. 3.78

27 3.69 4.49 4.10 n.a. n.a. n.a. n.a. n.a. 4.12

28 4.99 n.a. n.a. 2.89 n.a. n.a. n.a. n.a. 3.81

29 3.77 4.02 n.a. n.a. 4.99 2.99 n.a. n.a. 4.01

30 4.20 4.20 n.a. 3.50 n.a. n.a. n.a. n.a. 4.09

31 4.20 3.50 n.a. 3.99 3.99 3.99 n.a. n.a. 3.79

32 4.53 3.99 3.35 3.99 4.44 3.49 4.41 4.99 4.11

33 4.49 4.49 3.52 3.99 2.99 2.50 n.a. 3.29 4.07

34 4.37 3.99 3.00 3.18 3.99 3.99 n.a. n.a. 3.89

35 4.18 4.01 3.35 4.49 4.50 4.17 n.a. n.a. 4.10

36 4.18 4.50 n.a. n.a. 2.50 4.00 n.a. n.a. 3.95

37 4.61 4.98 4.49 2.99 3.99 3.69 n.a. 4.49 4.21

38 4.41 3.78 3.00 3.18 n.a. 4.00 n.a. n.a. 3.75

39 3.77 3.74 n.a. 3.99 3.99 4.00 n.a. n.a. 3.82

40 3.69 n.a. 3.99 4.49 n.a. n.a. n.a. n.a. 4.01

41 4.31 4.25 n.a. 4.49 4.23 4.49 n.a. n.a. 4.31

42 4.26 3.72 1.99 1.99 3.17 n.a. n.a. 2.49 3.47

43 4.20 n.a. 4.49 n.a. 3.99 n.a. n.a. n.a. 4.22

44 3.99 n.a. n.a. 3.29 n.a. n.a. n.a. 5.49 3.93

45 3.99 n.a. 3.00 n.a. n.a. 3.91 n.a. n.a. 3.70

46 3.99 3.50 3.00 n.a. 4.99 4.55 n.a. n.a. 3.92

47 4.75 3.50 3.00 n.a. 3.99 5.29 n.a. n.a. 4.08

48 4.51 n.a. n.a. n.a. n.a. 5.29 n.a. n.a. 4.91

49 4.25 3.50 3.00 3.00 3.99 n.a. n.a. 3.29 3.72

50 4.04 3.50 3.00 n.a. 3.50 2.99 n.a. 3.29 3.52

51 n.a. 3.50 3.00 3.00 n.a. n.a. 5.29 3.29 3.24

52 4.44 n.a. n.a. n.a. n.a. n.a. n.a. n.a. 4.44

53 4.43 4.49 3.69 3.00 2.99 n.a. 3.49 n.a. 3.92

Annual

Average 4.18 3.99 3.28 3.62 4.06 3.89 3.85 3.53 3.96

U.S. Organic Half Gallon Milk

Weekly Weighted Average Advertised Prices, U.S. Dollars

National and Regional - 2020

25