DAIRY MARKET NEWS DOMESTIC MONTHLY SUMMARY AND AVERAGES FOR MARCH 20181 - (UNLESS OTHERWISE NOTED, PRICES ARE DOLLARS PER POUND, CL/TL) 

 

 ::REPORT NUMBER 9 ::REPORT NUMBER 10 ::REPORT NUMBER 11 ::REPORT NUMBER 12 ::REPORT NUMBER 13 :: 2018 : 2017 

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

 :: MAR 1 – 2 :: MAR 5 – 9 :: MAR 12 - 16 :: MAR 19 - 23 :: MAR 26 - 30 :: Average : Average 

 

 CHEESE 

WISCONSIN (WSP, Delivered, LTL) 

-- Process American 5# Loaf :: 1.5700 - 1.9300 :: 1.5625 - 1.9225 :: 1.6000 - 1.9600 :: 1.6175 - 1.9775 :: 1.6150 - 1.9750 :: 1.7761 : 1.7074 

-- Brick And/Or Muenster 5# :: 1.8925 - 2.3175 :: 1.8975 - 2.3225 :: 1.9450 - 2.3700 :: 1.9300 - 2.3550 :: 1.9225 - 2.3475 :: 2.1334 : 2.0279 

-- Cheddar 40# Block :: 1.6200 - 2.0150 :: 1.6250 - 2.0200 :: 1.6725 - 2.0675 :: 1.6575 - 2.0525 :: 1.6500 - 2.0450 :: 1.8459 : 1.7404 

-- Monterey Jack 10# :: 1.8675 - 2.0725 :: 1.8725 - 2.0775 :: 1.9200 - 2.1250 :: 1.9050 - 2.1100 :: 1.8975 - 2.1025 :: 1.9984 : 1.8929 

-- Blue 5# :: 2.1600 - 3.1475 :: 2.1650 - 3.1525 :: 2.2125 - 3.2000 :: 2.1975 - 3.1850 :: 2.1900 - 3.1775 :: 2.6822 : 2.5767 

-- Mozzarella 5 - 6# :: 1.6925 - 2.6325 :: 1.6975 - 2.6375 :: 1.7450 - 2.6850 :: 1.7300 - 2.6700 :: 1.7225 - 2.6625 :: 2.1909 : 2.0854 

-- Grade A Swiss Cuts 6 - 9# :: 2.8400 - 2.9575 :: 2.6800 - 2.7975 :: 2.6800 - 2.7975 :: 2.6800 - 2.7975 :: 2.6800 - 2.7975 :: 2.7533 : 2.9471 

NORTHEAST (WSP, Delivered, LTL) 

-- Cheddar 40# Block :: 1.9850 - 2.2700 :: 1.9900 - 2.2750 :: 2.0375 - 2.3225 :: 2.0225 - 2.3075 :: 2.0150 - 2.3000 :: 2.1559 : 2.0529 

-- Process 5# Sliced :: 1.6150 - 2.0950 :: 1.6075 - 2.0875 :: 1.6450 - 2.1250 :: 1.6625 - 2.1425 :: 1.6600 - 2.1400 :: 1.8811 : 1.8099 

-- Muenster :: 1.9700 - 2.3200 :: 1.9750 - 2.3250 :: 2.0225 - 2.3725 :: 2.0075 - 2.3575 :: 2.0000 - 2.3500 :: 2.1734 : 2.0704 

-- Grade A Swiss Cuts 10 - 14# :: 3.3225 - 3.6450 :: 3.1625 - 3.4850 :: 3.1625 - 3.4850 :: 3.1625 - 3.4850 :: 3.1625 - 3.4850 :: 3.3383 : 3.5321 

WEST COAST (WSP, Delivered, LTL) 

-- Process 5# Loaf :: 1.5575 - 1.8150 :: 1.5500 - 1.8075 :: 1.5875 - 1.8450 :: 1.6050 - 1.8625 :: 1.6025 - 1.8600 :: 1.7124 : 1.6436 

-- Cheddar 40# Block :: 1.6525 - 2.0975 :: 1.6575 - 2.1025 :: 1.7050 - 2.1500 :: 1.6900 - 2.1350 :: 1.6825 - 2.1275 :: 1.9034 : 1.7979 

-- Cheddar 10# Cuts :: 1.8325 - 2.0525 :: 1.8375 - 2.0575 :: 1.8850 - 2.1050 :: 1.8700 - 2.0900 :: 1.8625 - 2.0825 :: 1.9709 : 1.8654 

-- Monterey Jack 10# :: 1.8425 - 2.0025 :: 1.8475 - 2.0075 :: 1.8950 - 2.0550 :: 1.8800 - 2.0400 :: 1.8725 - 2.0325 :: 1.9509 : 1.8454 

-- Grade A Swiss Cuts 6 - 9# :: 2.9000 - 3.3300 :: 2.7400 - 3.1700 :: 2.7400 - 3.1700 :: 2.7400 - 3.1700 :: 2.7400 - 3.1700 :: 2.9695 : 3.1634 

 

 

 FLUID PRODUCTS 

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

 -- Northeast - f.o.b :: 2.4904 - 2.6853 :: 2.5000 - 2.7851 :: 2.5280 - 2.9271 :: 2.6556 - 2.8769 :: 2.5576 - 2.7544 :: 2.6881 : 2.3671 

 -- Upper Midwest - f.o.b :: 2.5554 - 2.6853 :: 2.6316 - 2.7413 :: 2.6610 - 2.7719 :: 2.6556 - 2.7884 :: 2.5795 - 2.7325 :: 2.6884 : 2.4250 

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

 -- Class II :: 0.50 - 0.80 :: 0.50 - 0.80 :: 0.50 - 0.80 :: 0.50 - 0.80 :: 0.50 - 0.80 :: 0.6500 : 0.6213 

 -- Class III :: 0.55 - 0.85 :: 0.55 - 0.85 :: 0.55 - 0.85 :: 0.55 - 0.85 :: 0.55 - 0.85 :: 0.7000 : 0.6039 
 DAIRY MARKET NEWS DOMESTIC MONTHLY SUMMARY AND AVERAGES FOR MARCH 20181 - (UNLESS OTHERWISE NOTED, PRICES ARE DOLLARS PER POUND, CL/TL) 

 

 ::REPORT NUMBER 9 ::REPORT NUMBER 10 ::REPORT NUMBER 11 ::REPORT NUMBER 12 ::REPORT NUMBER 13 :: 2018 : 2017 

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

 :: MAR 1 – 2 :: MAR 5 - 9 :: MAR 12 - 16 :: MAR 19 - 23 :: MAR 26 - 30 :: Average : Average 

 

 DRY PRODUCTS 

NONFAT DRY MILK 

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

 -- Low/Medium Heat :: 0.6800 - 0.7600 :: 0.6800 - 0.7550 :: 0.6800 - 0.7600 :: 0.6800 - 0.7550 :: 0.6800 - 0.7550 :: 0.7183 : 0.8838 

 -- Mostly :: 0.7200 - 0.7400 :: 0.7000 - 0.7400 :: 0.7000 - 0.7400 :: 0.6900 - 0.7400 :: 0.6900 - 0.7400 :: 0.7186 : 0.8570 

 -- High Heat :: 0.8500 - 0.9800 :: 0.8300 - 0.9800 :: 0.8200 - 0.9800 :: 0.8200 - 0.9800 :: 0.8150 - 0.9800 :: 0.9019 : 1.0614 

-- West (f.o.b) 

 -- Low/Medium Heat :: 0.6175 - 0.7800 :: 0.6150 - 0.7500 :: 0.6350 - 0.7500 :: 0.6350 - 0.7550 :: 0.6425 - 0.7550 :: 0.6928 : 0.8497 

 -- Mostly :: 0.6900 - 0.7500 :: 0.6500 - 0.7200 :: 0.6800 - 0.7200 :: 0.6700 - 0.7300 :: 0.6700 - 0.7300 :: 0.6984 : 0.8578 

 -- High Heat :: 0.8600 - 0.9450 :: 0.8500 - 0.9400 :: 0.8500 - 0.9500 :: 0.8500 - 0.9300 :: 0.8500 - 0.9300 :: 0.8945 : 1.0467 

WHEY POWDER (Nonhygroscopic) 

 -- Central (f.o.b.) :: 0.2150 - 0.3300 :: 0.2000 - 0.3100 :: 0.2000 - 0.3100 :: 0.2100 - 0.3100 :: 0.2000 - 0.3100 :: 0.2577 : 0.4908 

 -- Mostly :: 0.2200 - 0.2500 :: 0.2200 - 0.2500 :: 0.2150 - 0.2650 :: 0.2150 - 0.2650 :: 0.2150 - 0.2650 :: 0.2384 : 0.4869 

 -- West (f.o.b.) :: 0.2100 - 0.3200 :: 0.2100 - 0.3200 :: 0.2100 - 0.3300 :: 0.2100 - 0.3300 :: 0.2200 - 0.3200 :: 0.2684 : 0.5078 

 -- Mostly :: 0.2200 - 0.2800 :: 0.2200 - 0.2800 :: 0.2200 - 0.2875 :: 0.2200 - 0.2875 :: 0.2350 - 0.2875 :: 0.2543 : 0.4935 

 -- Northeast (f.o.b.) :: 0.2500 - 0.2925 :: 0.2500 - 0.2900 :: 0.2500 - 0.2900 :: 0.2500 - 0.2900 :: 0.2500 - 0.2900 :: 0.2701 : 0.4898 

WHEY PROTEIN CONCENTRATE 

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

 -- Extra Grade 34% Protein :: 0.5900 - 0.9400 :: 0.6000 - 0.9400 :: 0.6300 - 0.9400 :: 0.6300 - 0.9400 :: 0.5900 - 0.9400 :: 0.7752 : 1.0085 

 -- Mostly :: 0.6400 - 0.7600 :: 0.6400 - 0.7600 :: 0.6400 - 0.7600 :: 0.6400 - 0.7500 :: 0.6250 - 0.7500 :: 0.6960 : 0.9681 

ANIMAL FEED - WHEY 

-- Central (f.o.b.) 

 -- Milk Replacer :: 0.1500 - 0.2150 :: 0.1500 - 0.2150 :: 0.1500 - 0.2150 :: 0.1500 - 0.2200 :: 0.1500 - 0.2200 :: 0.1836 : 0.4055 

BUTTERMILK (Min. 30% protein) 

-- Central And East (f.o.b.) :: 0.6700 - 0.8000 :: 0.6700 - 0.7900 :: 0.6000 - 0.7900 :: 0.6000 - 0.7900 :: 0.6700 - 0.7800 :: 0.7134 : 0.9291 

-- West (f.o.b.) :: 0.6800 - 0.7700 :: 0.6800 - 0.7700 :: 0.6800 - 0.7700 :: 0.6800 - 0.7800 :: 0.6600 - 0.7800 :: 0.7250 : 0.9346 

 -- Mostly :: 0.7000 - 0.7300 :: 0.6900 - 0.7200 :: 0.6900 - 0.7200 :: 0.6800 - 0.7200 :: 0.6800 - 0.7200 :: 0.7036 : 0.9457 

DRY WHOLE MILK 

-- National (f.o.b.) :: 1.4000 - 1.5000 :: 1.4000 - 1.5000 :: 1.4400 - 1.5100 :: 1.4400 - 1.5100 :: 1.4400 - 1.5100 :: 1.4670 : 1.4467 

LACTOSE 

-- Central And West (f.o.b.) :: 0.1600 - 0.3500 :: 0.1650 - 0.3500 :: 0.1700 - 0.3500 :: 0.1700 - 0.3900 :: 0.1650 - 0.3900 :: 0.2675 : 0.4111 

 -- Mostly :: 0.1700 - 0.2450 :: 0.1800 - 0.2450 :: 0.1900 - 0.2450 :: 0.2000 - 0.2500 :: 0.2000 - 0.2600 :: 0.2200 : 0.3826 

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

 -- Nonrestricted - Rennet :: 2.2250 - 2.2850 :: 2.3275 - 2.4225 :: 2.3300 - 2.4225 :: 2.2325 - 2.3225 :: 2.2200 - 2.3100 :: 2.3172 : 3.0016 

 -- Nonrestricted - Acid :: 2.9900 - 3.3500 :: 3.0200 - 3.3500 :: 3.0300 - 3.3500 :: 3.0100 - 3.3100 :: 3.0000 - 3.2900 :: 3.1700 : 3.5630 

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

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 MARCH 20181 

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

 

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

 ::REPORT NUMBER 9 ::REPORT NUMBER 11 ::REPORT NUMBER 13 :: 2018 * : 2017 * 

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

 :: MAR 1 – 2 :: MAR 5 - 16 :: MAR 19 - 30 :: Average : Average 

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

 

BUTTER (82% BUTTERFAT) 

 -- OCEANIA :: 5300 - 5450 :: 5275 - 5375 :: 5250 - 5300 :: 5307 : 4936 

 -- WESTERN EUROPE :: 5800 - 6250 :: 5850 - 6075 :: 5825 - 6200 :: 5991 : 4551 

BUTTEROIL (99% BUTTERFAT) 

 -- WESTERN EUROPE :: 6350 - 7325 :: 6625 - 6850 :: 6625 - 7200 :: 6826 : 5193 

CHEDDAR CHEESE (39% MAXIMUM MOISTURE) 

 -- OCEANIA :: 3575 - 3750 :: 3700 - 3925 :: 3550 - 3700 :: 3714 : 3642 

SKIM MILK POWDER (1.25% BUTTERFAT) 

 -- OCEANIA :: 1750 - 1975 :: 1750 - 1975 :: 1900 - 1975 :: 1897 : 2148 

 -- SOUTH AMERICA :: 2350 - 2600 :: 2250 - 2500 :: 2200 - 2450 :: 2361 : 2762 

 -- WESTERN EUROPE :: 1575 - 1725 :: 1550 - 1675 :: 1525 - 1675 :: 1610 : 1913 

WHEY POWDER (NONHYGROSCOPIC) 

 -- WESTERN EUROPE :: 875 - 925 :: 800 - 975 :: 900 - 975 :: 911 : 1116 

WHOLE MILK POWDER (26% BUTTERFAT) 

 -- OCEANIA :: 3225 - 3275 :: 3200 - 3275 :: 3200 - 3250 :: 3233 : 3016 

 -- SOUTH AMERICA :: 3050 - 3350 :: 3100 - 3375 :: 3100 - 3350 :: 3228 : 3226 

 -- WESTERN EUROPE :: 3125 - 3275 :: 3150 - 3300 :: 3125 - 3300 :: 3217 : 3015 

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

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 month -

Saturdays and Sundays excluded. No monthly average is computed if one or more biweekly prices are missing. 
 CME GROUP AVERAGES FOR MARCH 2018 

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

 ::REPORT NUMBER 9 ::REPORT NUMBER 10::REPORT NUMBER 11::REPORT NUMBER 12::REPORT NUMBER 13:: 2018 * : 2017 * 

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

 :: MAR 1 - 2 :: MAR 5 - 9 :: MAR 12 - 16 :: MAR 19 - 23 :: MAR 26 - 29 :: Average : Average 

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

 

 BUTTER* 

 

-- GRADE AA 

 --Monday :: :: 2.2025 :: 2.2050 :: 2.1825 :: 2.1800 :: : 

 --Tuesday :: :: 2.2325 :: 2.2150 :: 2.1825 :: 2.1800 :: : 

 --Wednesday :: :: 2.2300 :: 2.2175 :: 2.1875 :: 2.1850 :: : 

 --Thursday :: 2.1800 :: 2.2175 :: 2.2175 :: 2.1875 :: 2.2150 :: : 

 --Friday :: 2.2000 :: 2.2050 :: 2.2100 :: 2.1900 :: 1 :: 2.2011 : 2.1392 

 

--Weekly Average** :: 2.1930 :: 2.2175 :: 2.2130 :: 2.1860 :: 2.1900 :: : 

 

 CHEESE* 

 

-- BARRELS 

 --Monday :: :: 1.5125 :: 1.5000 :: 1.5600 :: 1.5000 :: : 

 --Tuesday :: :: 1.5150 :: 1.5000 :: 1.5175 :: 1.5000 :: : 

 --Wednesday :: :: 1.5100 :: 1.5250 :: 1.5125 :: 1.4750 :: : 

 --Thursday :: 1.4725 :: 1.5100 :: 1.5450 :: 1.5125 :: 1.4400 :: : 

 --Friday :: 1.4750 :: 1.4975 :: 1.5600 :: 1.5100 :: 1 :: 1.5071 : 1.4072 

 

--Weekly Average** :: 1.4715 :: 1.5090 :: 1.5260 :: 1.5225 :: 1.4788 :: : 

 

-- 40# BLOCKS 

 --Monday :: :: 1.6025 :: 1.5500 :: 1.5825 :: 1.5450 :: : 

 --Tuesday :: :: 1.6025 :: 1.5400 :: 1.5425 :: 1.5450 :: : 

 --Wednesday :: :: 1.5600 :: 1.5750 :: 1.5650 :: 1.5300 :: : 

 --Thursday :: 1.5300 :: 1.5800 :: 1.5850 :: 1.5650 :: 1.5300 :: : 

 --Friday :: 1.5600 :: 1.5700 :: 1.5850 :: 1.5450 :: 1 :: 1.5614 : 1.4342 

 

--Weekly Average** :: 1.5350 :: 1.5830 :: 1.5670 :: 1.5600 :: 1.5375 :: : 

 

 NONFAT DRY MILK* 

 

-- GRADE A 

 --Monday :: :: 0.6500 :: 0.6925 :: 0.6900 :: 0.6925 :: : 

 --Tuesday :: :: 0.6475 :: 0.6950 :: 0.6875 :: 0.6975 :: : 

 --Wednesday :: :: 0.6475 :: 0.6900 :: 0.6900 :: 0.6975 :: : 

 --Thursday :: 0.6725 :: 0.6475 :: 0.6875 :: 0.6925 :: 0.6900 :: : 

 --Friday :: 0.6625 :: 0.6850 :: 0.6900 :: 0.6925 :: 1 :: 0.6808 : 0.8080 

 

--Weekly Average** :: 0.6720 :: 0.6555 :: 0.6910 :: 0.6905 :: 0.6944 :: : 

 

 WHEY* 

 

-- EXTRA GRADE 2 

 --Monday :: :: :: 0.2600 :: 0.2925 :: 0.2875 :: : 

 --Tuesday :: :: :: 0.2625 :: 0.2925 :: 0.2900 :: : 

 --Wednesday :: :: :: 0.2800 :: 0.2925 :: 0.2900 :: : 

 --Thursday :: :: :: 0.2875 :: 0.2875 :: 0.2850 :: : 

 --Friday :: :: :: 0.2925 :: 0.2875 :: 1 :: 3 : 

 

--Weekly Average** :: :: :: 0.2765 :: 0.2905 :: 0.2881 :: : 

 

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

* 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. 

1/ CME Closed for holiday.

2/ Trading on the CME Group for Extra Grade Whey began March 12.

3/ Because Extra Grade Whey was not traded for a full month, no monthly average was calculated.