DAIRY MARKET NEWS DOMESTIC MONTHLY SUMMARY AND AVERAGES FOR AUGUST 20171 - (UNLESS OTHERWISE NOTED, PRICES ARE DOLLARS PER POUND, CL/TL) 

 

 ::REPORT NUMBER 31 ::REPORT NUMBER 32 ::REPORT NUMBER 33 ::REPORT NUMBER 34 ::REPORT NUMBER 35 :: 2017 : 2016 

 COMMODITY ::-----------------::-----------------::-----------------::-----------------::-----------------:: Monthly : Monthly 

 :: AUG 1 - 4 :: AUG 7 - 11 :: AUG 14 - 18 :: AUG 21 - 25 :: AUG 28 - 31 :: Average : Average 

 

 CHEESE 

WISCONSIN (WSP, Delivered, LTL) 

-- Process American 5# Loaf :: 1.5625 - 1.9225 :: 1.6675 - 2.0275 :: 1.6500 - 2.0100 :: 1.7750 - 2.1350 :: 1.7575 - 2.1175 :: 1.8645 : 2.1013 

-- Brick And/Or Muenster 5# :: 2.0825 - 2.5075 :: 2.1050 - 2.5300 :: 2.0575 - 2.4825 :: 2.1050 - 2.5300 :: 2.0650 - 2.4900 :: 2.2963 : 2.3620 

-- Cheddar 40# Block :: 1.8100 - 2.2050 :: 1.8325 - 2.2275 :: 1.7850 - 2.1800 :: 1.8325 - 2.2275 :: 1.7925 - 2.1875 :: 2.0088 : 2.0745 

-- Monterey Jack 10# :: 2.0575 - 2.2625 :: 2.0800 - 2.2850 :: 2.0325 - 2.2375 :: 2.0800 - 2.2850 :: 2.0400 - 2.2450 :: 2.1613 : 2.2270 

-- Blue 5# :: 2.3500 - 3.3375 :: 2.3725 - 3.3600 :: 2.3250 - 3.3125 :: 2.3725 - 3.3600 :: 2.3325 - 3.3200 :: 2.8451 : 2.9107 

-- Mozzarella 5 - 6# :: 1.8825 - 2.8225 :: 1.9050 - 2.8450 :: 1.8575 - 2.7975 :: 1.9050 - 2.8450 :: 1.8650 - 2.8050 :: 2.3538 : 2.4195 

-- Grade A Swiss Cuts 6 - 9# :: 2.6500 - 2.7675 :: 2.6900 - 2.8075 :: 2.6900 - 2.8075 :: 2.6900 - 2.8075 :: 2.6900 - 2.8075 :: 2.7418 : 2.4630 

NORTHEAST (WSP, Delivered, LTL) 

-- Cheddar 40# Block :: 2.1575 - 2.4425 :: 2.1800 - 2.4650 :: 2.1325 - 2.4175 :: 2.1800 - 2.4650 :: 2.1400 - 2.4250 :: 2.3013 : 2.3220 

-- Process 5# Sliced :: 1.6250 - 2.1050 :: 1.7300 - 2.2100 :: 1.7125 - 2.1925 :: 1.8375 - 2.3175 :: 1.8200 - 2.3000 :: 1.9870 : 2.2688 

-- Muenster :: 2.1425 - 2.4925 :: 2.1650 - 2.5150 :: 2.1175 - 2.4675 :: 2.1650 - 2.5150 :: 2.1250 - 2.4750 :: 2.3188 : 2.3634 

-- Grade A Swiss Cuts 10 - 14# :: 3.1325 - 3.4550 :: 3.1725 - 3.4950 :: 3.1725 - 3.4950 :: 3.1725 - 3.4950 :: 3.1725 - 3.4950 :: 3.3268 : 3.0480 

WEST COAST (WSP, Delivered, LTL) 

-- Process 5# Loaf :: 1.5500 - 1.8075 :: 1.6550 - 1.9125 :: 1.6375 - 1.8950 :: 1.7625 - 2.0200 :: 1.7450 - 2.0025 :: 1.8007 : 2.0651 

-- Cheddar 40# Block :: 1.8425 - 2.2875 :: 1.8650 - 2.3100 :: 1.8175 - 2.2625 :: 1.8650 - 2.3100 :: 1.8250 - 2.2700 :: 2.0663 : 2.1045 

-- Cheddar 10# Cuts :: 2.0225 - 2.2425 :: 2.0450 - 2.2650 :: 1.9975 - 2.2175 :: 2.0450 - 2.2650 :: 2.0050 - 2.2250 :: 2.1338 : 2.1720 

-- Monterey Jack 10# :: 2.0325 - 2.1925 :: 2.0550 - 2.2150 :: 2.0075 - 2.1675 :: 2.0550 - 2.2150 :: 2.0150 - 2.1750 :: 2.1138 : 2.1520 

-- Grade A Swiss Cuts 6 - 9# :: 2.7100 - 3.1400 :: 2.7500 - 3.1800 :: 2.7500 - 3.1800 :: 2.7500 - 3.1800 :: 2.7500 - 3.1800 :: 2.9580 : 2.6792 

 

 

 FLUID PRODUCTS 

SPOT PRICES OF CLASS II CREAM ($ per lb. butterfat) 

 -- Northeast - f.o.b :: 3.4249 - 3.6093 :: 3.3875 - 3.7127 :: 3.3350 - 3.6555 :: 3.4587 - 3.6981 :: 3.3963 - 3.6053 :: 3.5300 : 2.9757 

 -- Upper Midwest - f.o.b :: 3.2141 - 3.4775 :: 3.3875 - 3.6314 :: 3.3350 - 3.5751 :: 3.2990 - 3.5651 :: 3.1350 - 3.3440 :: 3.4054 : 2.8005 

PRICES OF CONDENSED SKIM - NORTHEAST ($ per lb. wet solids) - f.o.b. 

 -- Class II :: 0.30 - 0.80 :: 0.40 - 0.81 :: 0.30 - 0.80 :: 0.60 - 0.80 :: 0.60 - 0.81 :: 0.6215 : 0.7683 

 -- Class III :: 0.30 - 0.75 :: 0.40 - 0.74 :: 0.30 - 0.70 :: 0.59 - 0.74 :: 0.59 - 0.74 :: 0.5841 : 0.6696 
 DAIRY MARKET NEWS DOMESTIC MONTHLY SUMMARY AND AVERAGES FOR AUGUST 20171 - (UNLESS OTHERWISE NOTED, PRICES ARE DOLLARS PER POUND, CL/TL) 

 

 ::REPORT NUMBER 31 ::REPORT NUMBER 32 ::REPORT NUMBER 33 ::REPORT NUMBER 34 ::REPORT NUMBER 35 :: 2017 : 2016 

 COMMODITY ::-----------------::-----------------::-----------------::-----------------::-----------------:: Monthly : Monthly 

 :: AUG 1 - 4 :: AUG 7 - 11 :: AUG 14 - 18 :: AUG 21 - 25 :: AUG 28 - 31 :: Average : Average 

 

 DRY PRODUCTS 

NONFAT DRY MILK 

-- Central And East (f.o.b.) 

 -- Low/Medium Heat :: 0.8500 - 0.9500 :: 0.8500 - 0.9500 :: 0.8500 - 0.9400 :: 0.8500 - 0.9400 :: 0.8500 - 0.9200 :: 0.8952 : 0.8732 

 -- Mostly :: 0.8800 - 0.9200 :: 0.8700 - 0.9200 :: 0.8700 - 0.9200 :: 0.8700 - 0.9200 :: 0.8700 - 0.9150 :: 0.8954 : 0.8801 

 -- High Heat :: 1.0000 - 1.0900 :: 1.0000 - 1.0900 :: 0.9950 - 1.0500 :: 0.9800 - 1.0500 :: 0.9800 - 1.0500 :: 1.0284 : 0.9704 

-- West (f.o.b) 

 -- Low/Medium Heat :: 0.8150 - 0.9600 :: 0.7950 - 0.9300 :: 0.7925 - 0.9300 :: 0.7725 - 0.9300 :: 0.7950 - 0.9200 :: 0.8633 : 0.8609 

 -- Mostly :: 0.8700 - 0.9200 :: 0.8800 - 0.9100 :: 0.8800 - 0.9100 :: 0.8800 - 0.9000 :: 0.8600 - 0.9000 :: 0.8913 : 0.8875 

 -- High Heat :: 0.9800 - 1.0650 :: 0.9800 - 1.0650 :: 0.9800 - 1.0650 :: 0.9800 - 1.0600 :: 1.0000 - 1.0700 :: 1.0241 : 0.9825 

WHEY POWDER (Nonhygroscopic) 

 -- Central (f.o.b.) :: 0.3200 - 0.5100 :: 0.3200 - 0.4900 :: 0.3200 - 0.4900 :: 0.3100 - 0.4500 :: 0.3100 - 0.4500 :: 0.3970 : 0.3046 

 -- Mostly :: 0.3600 - 0.4600 :: 0.3600 - 0.4500 :: 0.3400 - 0.4500 :: 0.3400 - 0.4350 :: 0.3400 - 0.4300 :: 0.3964 : 0.2798 

 -- West (f.o.b.) :: 0.3600 - 0.4625 :: 0.3500 - 0.4625 :: 0.3500 - 0.4600 :: 0.3500 - 0.4525 :: 0.3400 - 0.4525 :: 0.4040 : 0.3110 

 -- Mostly :: 0.3950 - 0.4450 :: 0.3800 - 0.4400 :: 0.3800 - 0.4400 :: 0.3700 - 0.4200 :: 0.3600 - 0.4200 :: 0.4050 : 0.3020 

 -- Northeast (f.o.b.) :: 0.3600 - 0.4700 :: 0.3500 - 0.4700 :: 0.3500 - 0.4675 :: 0.3450 - 0.4625 :: 0.3375 - 0.4625 :: 0.4075 : 0.2921 

WHEY PROTEIN CONCENTRATE 

-- Central And West (f.o.b.) 

 -- Extra Grade 34% Protein :: 0.7100 - 1.1850 :: 0.7100 - 1.1000 :: 0.7100 - 1.1000 :: 0.7050 - 1.1000 :: 0.7000 - 1.1000 :: 0.9110 : 0.7137 

 -- Mostly :: 0.8000 - 0.9425 :: 0.7700 - 0.9425 :: 0.7525 - 0.9425 :: 0.7500 - 0.9200 :: 0.7500 - 0.9200 :: 0.8486 : 0.7151 

ANIMAL FEED - WHEY 

-- Central (f.o.b.) 

 -- Milk Replacer :: 0.2800 - 0.4550 :: 0.2800 - 0.4100 :: 0.2600 - 0.4100 :: 0.2600 - 0.4200 :: 0.2600 - 0.4200 :: 0.3448 : 0.2123 

BUTTERMILK (Min. 30% protein) 

-- Central And East (f.o.b.) :: 0.8450 - 0.9225 :: 0.8450 - 0.9225 :: 0.8600 - 0.9500 :: 0.8600 - 0.9500 :: 0.8600 - 0.9500 :: 0.8967 : 0.8176 

-- West (f.o.b.) :: 0.8200 - 0.9600 :: 0.8200 - 0.9600 :: 0.8200 - 0.9600 :: 0.8200 - 0.9600 :: 0.8300 - 0.9600 :: 0.8909 : 0.8376 

 -- Mostly :: 0.9100 - 0.9200 :: 0.9100 - 0.9200 :: 0.9100 - 0.9200 :: 0.9100 - 0.9200 :: 0.9100 - 0.9400 :: 0.9167 : 0.8404 

DRY WHOLE MILK 

-- National (f.o.b.) :: 1.3000 - 1.7000 :: 1.4000 - 1.7000 :: 1.4000 - 1.7500 :: 1.4000 - 1.7500 :: 1.4000 - 1.6500 :: 1.5478 : 1.3330 

LACTOSE 

-- Central And West (f.o.b.) :: 0.2500 - 0.4900 :: 0.2400 - 0.4700 :: 0.2200 - 0.4700 :: 0.2200 - 0.4700 :: 0.2200 - 0.4700 :: 0.3515 : 0.3045 

 -- Mostly :: 0.3100 - 0.4000 :: 0.3100 - 0.4000 :: 0.3100 - 0.4000 :: 0.2800 - 0.3800 :: 0.2600 - 0.3800 :: 0.3435 : 0.2948 

CASEIN - Edible - National (f.o.b.) 

 -- Nonrestricted - Rennet :: 2.7000 - 2.8000 :: 2.7000 - 2.8000 :: 2.7000 - 2.8500 :: 2.7000 - 2.8500 :: 2.7000 - 2.8500 :: 2.7652 : 2.8583 

 -- Nonrestricted - Acid :: 3.4000 - 3.6000 :: 3.4000 - 3.6000 :: 3.4000 - 3.6000 :: 3.4000 - 3.6000 :: 3.4000 - 3.6000 :: 3.5000 : 2.9160 

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

1 Prices for all products are issued once a week and represent a value for the entire week. 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. No monthly average is computed if 

one or more weekly prices are missing. 
 DAIRY MARKET NEWS INTERNATIONAL MONTHLY SUMMARY AND AVERAGES FOR AUGUST 20171 

 (UNLESS OTHERWISE NOTED, PRICES ARE U.S.DOLLARS/METRIC TON, F.O.B. PORT) 

 

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

 ::REPORT NUMBER 31 ::REPORT NUMBER 33 ::REPORT NUMBER 35 :: 2017 * : 2016 * 

 COMMODITY ::-----------------::-----------------::-----------------:: Monthly : Monthly 

 :: AUG 01 - 04 :: AUG 07 - 18 :: AUG 21 - 31 :: Average : Average 

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

BUTTER (82% BUTTERFAT) 

 -- OCEANIA :: 5750 - 6200 :: 5700 - 6650 :: 5700 - 6450 :: 6101 : 3183 

 -- WESTERN EUROPE :: 7200 - 7675 :: 7400 - 7950 :: 7850 - 8350 :: 7800 : 3853 

BUTTEROIL (99% BUTTERFAT) 

 -- WESTERN EUROPE :: 6400 - 8350 :: 6800 - 8800 :: 7050 - 9350 :: 7883 : 4139 

CHEDDAR CHEESE (39% MAXIMUM MOISTURE) 

 -- OCEANIA :: 3975 - 4025 :: 4000 - 4025 :: 4000 - 4025 :: 4010 : 3239 

SKIM MILK POWDER (1.25% BUTTERFAT) 

 -- OCEANIA :: 2000 - 2025 :: 1950 - 2000 :: 1925 - 1975 :: 1972 : 2018 

 -- SOUTH AMERICA :: 2850 - 3150 :: 2650 - 2950 :: 2550 - 2850 :: 2796 : 

 -- WESTERN EUROPE :: 2050 - 2225 :: 2025 - 2200 :: 2025 - 2150 :: 2107 : 2062 

WHEY POWDER (NONHYGROSCOPIC) 

 -- WESTERN EUROPE :: 0975 - 1100 :: 1025 - 1150 :: 0975 - 1150 :: 1069 : 817 

WHOLE MILK POWDER (26% BUTTERFAT) 

 -- OCEANIA :: 3175 - 3275 :: 3150 - 3250 :: 3050 - 3175 :: 3170 : 2601 

 -- SOUTH AMERICA :: 3100 - 3500 :: 3150 - 3450 :: 3200 - 3400 :: 3300 : 

 -- WESTERN EUROPE :: 3600 - 3800 :: 3700 - 3925 :: 3700 - 4000 :: 3808 : 2657 

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

1 Prices for all products are issued biweekly and represent a value for the entire biweekly period. Monthly 

averages are based on biweekly prices and are time-weighted according to the number of workdays in the monthSaturdays and Sundays excluded. No monthly average is computed if one or more biweekly prices are missing. 
 CME GROUP AVERAGES FOR AUGUST 2017 

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

 ::REPORT NUMBER 31::REPORT NUMBER 32::REPORT NUMBER 33::REPORT NUMBER 34::REPORT NUMBER 35:: 2017 * : 2016 * 

 COMMODITY ::----------------::----------------::----------------::----------------::----------------:: Monthly : Monthly 

 :: AUG 1 - 4 :: AUG 7 - 11 :: AUG 14 - 18 :: AUG 21 - 25 :: AUG 28 - 31 :: Average : Average 

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

 

 BUTTER* 

 

-- GRADE AA 

 --Monday :: :: 2.6975 :: 2.6700 :: 2.6275 :: 2.5925 :: : 

 --Tuesday :: 2.6825 :: 2.6600 :: 2.6700 :: 2.5700 :: 2.5550 :: : 

 --Wednesday :: 2.7100 :: 2.6500 :: 2.6625 :: 2.6100 :: 2.5950 :: : 

 --Thursday :: 2.7375 :: 2.6500 :: 2.6550 :: 2.6275 :: 2.5800 :: : 

 --Friday :: 2.7300 :: 2.6825 :: 2.6450 :: 2.6275 :: :: 2.6473 : 2.1776 

 

--Weekly Average** :: 2.7100 :: 2.6680 :: 2.6605 :: 2.6125 :: :: : 

 

 CHEESE* 

 

-- BARRELS 

 --Monday :: :: 1.5300 :: 1.6575 :: 1.7600 :: 1.4875 :: : 

 --Tuesday :: 1.6600 :: 1.5100 :: 1.6400 :: 1.7200 :: 1.5000 :: : 

 --Wednesday :: 1.5900 :: 1.5925 :: 1.6700 :: 1.6550 :: 1.5000 :: : 

 --Thursday :: 1.5400 :: 1.5550 :: 1.6850 :: 1.6175 :: 1.4900 :: : 

 --Friday :: 1.5300 :: 1.5875 :: 1.7500 :: 1.5575 :: :: 1.5993 : 1.8110 

 

--Weekly Average** :: 1.5730 :: 1.5550 :: 1.6805 :: 1.6620 :: :: : 

 

-- 40# BLOCKS 

 --Monday :: :: 1.6800 :: 1.7550 :: 1.7425 :: 1.5650 :: : 

 --Tuesday :: 1.7875 :: 1.6600 :: 1.7250 :: 1.7200 :: 1.5275 :: : 

 --Wednesday :: 1.7400 :: 1.6800 :: 1.7350 :: 1.7000 :: 1.5200 :: : 

 --Thursday :: 1.7300 :: 1.7050 :: 1.7350 :: 1.6975 :: 1.5100 :: : 

 --Friday :: 1.6975 :: 1.7425 :: 1.7550 :: 1.6500 :: :: 1.6852 : 1.7826 

 

--Weekly Average** :: 1.7420 :: 1.6935 :: 1.7410 :: 1.7020 :: :: : 

 

 NONFAT DRY MILK* 

 

-- GRADE A 

 --Monday :: :: 0.8500 :: 0.8500 :: 0.8325 :: 0.8450 :: : 

 --Tuesday :: 0.8675 :: 0.8500 :: 0.8475 :: 0.8275 :: 0.8450 :: : 

 --Wednesday :: 0.8650 :: 0.8500 :: 0.8475 :: 0.8450 :: 0.8600 :: : 

 --Thursday :: 0.8625 :: 0.8500 :: 0.8375 :: 0.8450 :: 0.8625 :: : 

 --Friday :: 0.8625 :: 0.8500 :: 0.8325 :: 0.8450 :: :: 0.8491 : 0.8454 

 

--Weekly Average** :: 0.8640 :: 0.8500 :: 0.8430 :: 0.8390 :: :: : 

 

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

* Monthly averages are a simple average of all the closes during the month. Weekly and monthly averages are independent 

calculations. 

** Weekly averages are simple averages of the closes during the calendar week and are for information purposes. Should the 

week be split between two months, the weekly average will appear in the monthly report in which the Friday close is reported.