DAIRY MARKET NEWS DOMESTIC MONTHLY SUMMARY AND AVERAGES FOR MARCH 20171 - (UNLESS OTHERWISE NOTED, PRICES ARE DOLLARS 

 ::REPORT NUMBER 9 ::REPORT NUMBER 10 ::REPORT NUMBER 11 ::REPORT NUMBER 12 ::REPORT NUMBER 13 : COMMODITY ::-----------------::-----------------::-----------------::-----------------::-----------------: :: MAR 01 - 03 :: MAR 06 - 10 :: MAR 13 - 17 :: MAR 20 - 24 :: MAR 27 - 31 : CHEESE WISCONSIN (WSP, Delivered, LTL) -- Process American 5# Loaf :: 1.6475 - 2.0075 :: 1.5675 - 1.9275 :: 1.5150 - 1.8750 :: 1.4700 - 1.8300 :: 1.4850 - 1.8450 :-- Brick And/Or Muenster 5# :: 1.9100 - 2.3350 :: 1.8725 - 2.2975 :: 1.7975 - 2.2225 :: 1.7375 - 2.1625 :: 1.7975 - 2.2225 :-- Cheddar 40# Block :: 1.6375 - 2.0325 :: 1.6000 - 1.9950 :: 1.5250 - 1.9200 :: 1.4650 - 1.8600 :: 1.5250 - 1.9200 :-- Monterey Jack 10# :: 1.8850 - 2.0900 :: 1.8475 - 2.0525 :: 1.7725 - 1.9775 :: 1.7125 - 1.9175 :: 1.7725 - 1.9775 :-- Blue 5# :: 2.1775 - 3.1650 :: 2.1400 - 3.1275 :: 2.0650 - 3.0525 :: 2.0050 - 2.9925 :: 2.0650 - 3.0525 :-- Mozzarella 5 - 6# :: 1.7100 - 2.6500 :: 1.6725 - 2.6125 :: 1.5975 - 2.5375 :: 1.5375 - 2.4775 :: 1.5975 - 2.5375 :-- Grade A Swiss Cuts 6 - 9# :: 2.8275 - 2.9450 :: 2.8975 - 3.0150 :: 2.8975 - 3.0150 :: 2.8975 - 3.0150 :: 2.8975 - 3.0150 :NORTHEAST (WSP, Delivered, LTL) -- Cheddar 40# Block :: 2.0050 - 2.2900 :: 1.9675 - 2.2525 :: 1.8925 - 2.1775 :: 1.8325 - 2.1175 :: 1.8925 - 2.1775 :-- Process 5# Sliced :: 1.6900 - 2.1700 :: 1.6100 - 2.0900 :: 1.5575 - 2.0375 :: 1.5125 - 1.9925 :: 1.5275 - 2.0075 :-- Muenster :: 1.9900 - 2.3400 :: 1.9525 - 2.3025 :: 1.8775 - 2.2275 :: 1.8175 - 2.1675 :: 1.8775 - 2.2275 :-- Grade A Swiss Cuts 10 - 14# :: 3.3100 - 3.6325 :: 3.3800 - 3.7025 :: 3.3800 - 3.7025 :: 3.3800 - 3.7025 :: 3.3800 - 3.7025 :WEST COAST (WSP, Delivered, LTL) -- Process 5# Loaf :: 1.6350 - 1.8925 :: 1.5550 - 1.8125 :: 1.5025 - 1.7600 :: 1.4575 - 1.7150 :: 1.4725 - 1.7300 :-- Cheddar 40# Block :: 1.6700 - 2.1150 :: 1.6325 - 2.0775 :: 1.5575 - 2.0025 :: 1.4975 - 1.9425 :: 1.5575 - 2.0025 :-- Cheddar 10# Cuts :: 1.8500 - 2.0700 :: 1.8125 - 2.0325 :: 1.7375 - 1.9575 :: 1.6775 - 1.8975 :: 1.7375 - 1.9575 :-- Monterey Jack 10# :: 1.8600 - 2.0200 :: 1.8225 - 1.9825 :: 1.7475 - 1.9075 :: 1.6875 - 1.8475 :: 1.7475 - 1.9075 :-- Grade A Swiss Cuts 6 - 9# :: 2.8875 - 3.3175 :: 2.9575 - 3.3875 :: 2.9575 - 3.3875 :: 2.9575 - 3.3875 :: 2.9575 - 3.3875 : FLUID PRODUCTS SPOT PRICES OF CLASS II CREAM ($ per lb. butterfat)  -- Northeast - f.o.b :: 1.9165 - 2.4489 :: 2.1795 - 2.8334 :: 2.2759 - 2.6010 :: 2.2538 - 2.5758 :: 2.0078 - 2.4305 : -- Upper Midwest - f.o.b :: 2.2146 - 2.4488 :: 2.2667 - 2.5282 :: 2.2759 - 2.6010 :: 2.3612 - 2.5758 :: 2.3671 - 2.5362 :PRICES OF CONDENSED SKIM - NORTHEAST ($ per lb. wet solids) - f.o.b.  -- Class II :: 0.30 - 1.01 :: 0.25 - 1.01 :: 0.25 - 1.01 :: 0.25 - 1.01 :: 0.20 - 0.95 : -- Class III :: 0.30 - 0.91 :: 0.25 - 0.97 :: 0.25 - 0.97 :: 0.25 - 0.97 :: 0.20 - 0.97 :
DAIRY MARKET NEWS DOMESTIC MONTHLY SUMMARY AND AVERAGES FOR MARCH 20171 - (UNLESS OTHERWISE NOTED, PRICES ARE DOLLARS 

 ::REPORT NUMBER 9 ::REPORT NUMBER 10 ::REPORT NUMBER 11 ::REPORT NUMBER 12 ::REPORT NUMBER 13 : COMMODITY ::-----------------::-----------------::-----------------::-----------------::-----------------: :: MAR 01 - 03 :: MAR 06 - 10 :: MAR 13 - 17 :: MAR 20 - 24 :: MAR 27 - 31 : DRY PRODUCTS NONFAT DRY MILK -- Central And East (f.o.b.)  -- Low/Medium Heat :: 0.7925 - 1.0000 :: 0.8000 - 1.0000 :: 0.8000 - 0.9650 :: 0.7900 - 0.9600 :: 0.7800 - 0.9600 : -- Mostly :: 0.8500 - 0.9400 :: 0.8500 - 0.9300 :: 0.8300 - 0.8800 :: 0.8000 - 0.8600 :: 0.8000 - 0.8600 : -- High Heat :: 1.0625 - 1.1500 :: 1.0625 - 1.1500 :: 0.9900 - 1.1500 :: 0.9550 - 1.1000 :: 0.9300 - 1.1000 :-- West (f.o.b)  -- Low/Medium Heat :: 0.7750 - 1.0200 :: 0.7700 - 1.0000 :: 0.7400 - 0.9275 :: 0.7500 - 0.9000 :: 0.7525 - 0.9000 : -- Mostly :: 0.8800 - 0.9650 :: 0.8200 - 0.9350 :: 0.8000 - 0.8800 :: 0.8100 - 0.8650 :: 0.8150 - 0.8600 : -- High Heat :: 1.0500 - 1.1450 :: 1.0250 - 1.1350 :: 0.9900 - 1.1150 :: 0.9500 - 1.0725 :: 0.9250 - 1.1000 :WHEY POWDER (Nonhygroscopic)  -- Central (f.o.b.) :: 0.4300 - 0.5700 :: 0.4325 - 0.5550 :: 0.4325 - 0.5550 :: 0.3800 - 0.5900 :: 0.3800 - 0.5900 : -- Mostly :: 0.4600 - 0.5100 :: 0.4600 - 0.5100 :: 0.4600 - 0.5100 :: 0.4600 - 0.5000 :: 0.4725 - 0.5250 : -- West (f.o.b.) :: 0.4500 - 0.5700 :: 0.4300 - 0.5700 :: 0.4300 - 0.5700 :: 0.4300 - 0.5900 :: 0.4500 - 0.5900 : -- Mostly :: 0.4700 - 0.5300 :: 0.4500 - 0.5300 :: 0.4500 - 0.5300 :: 0.4500 - 0.5300 :: 0.4600 - 0.5400 : -- Northeast (f.o.b.) :: 0.4450 - 0.5400 :: 0.4300 - 0.5400 :: 0.4300 - 0.5400 :: 0.4300 - 0.5550 :: 0.4300 - 0.5600 :WHEY PROTEIN CONCENTRATE -- Central And West (f.o.b.)  -- Extra Grade 34% Protein :: 0.8500 - 1.1975 :: 0.8300 - 1.2350 :: 0.8200 - 1.1850 :: 0.7800 - 1.2350 :: 0.7300 - 1.2350 : -- Mostly :: 0.9000 - 1.0650 :: 0.9000 - 1.0650 :: 0.9000 - 1.0525 :: 0.8500 - 1.0525 :: 0.8500 - 1.0575 :ANIMAL FEED - WHEY -- Central (f.o.b.)  -- Milk Replacer :: 0.3375 - 0.4800 :: 0.3375 - 0.4800 :: 0.3375 - 0.4800 :: 0.3375 - 0.4800 :: 0.3375 - 0.4500 :BUTTERMILK (Min. 30% protein) -- Central And East (f.o.b.) :: 0.8800 - 1.0500 :: 0.8800 - 1.0500 :: 0.8300 - 1.0000 :: 0.8300 - 1.0000 :: 0.8000 - 1.0000 :-- West (f.o.b.) :: 0.8800 - 1.0500 :: 0.8800 - 1.0500 :: 0.8200 - 1.0500 :: 0.8200 - 1.0000 :: 0.8200 - 1.0000 : -- Mostly :: 0.9800 - 1.0200 :: 0.9800 - 1.0200 :: 0.8800 - 1.0000 :: 0.8500 - 0.9700 :: 0.8500 - 0.9500 :DRY WHOLE MILK  -- National (f.o.b.) :: 1.4000 - 1.5500 :: 1.4000 - 1.5500 :: 1.4000 - 1.5500 :: 1.4000 - 1.4300 :: 1.3800 - 1.4300 :LACTOSE -- Central And West (f.o.b.) :: 0.2400 - 0.5800 :: 0.2400 - 0.5800 :: 0.2400 - 0.5800 :: 0.2400 - 0.5800 :: 0.2500 - 0.5800 : -- Mostly :: 0.3400 - 0.4100 :: 0.3400 - 0.4100 :: 0.3400 - 0.4100 :: 0.3500 - 0.4200 :: 0.3700 - 0.4300 :CASEIN - Edible - National (f.o.b.)  -- Nonrestricted - Rennet :: 2.8500 - 3.0500 :: 2.7500 - 3.3000 :: 2.7500 - 3.1000 :: 2.8500 - 3.2125 :: 2.9000 - 3.2125 : -- Nonrestricted - Acid :: 3.2000 - 3.3500 :: 3.4500 - 3.7000 :: 3.4500 - 3.7500 :: 3.4500 - 3.7500 :: 3.5000 - 3.8000 :------------------------------------------------------------------------------------------------------------------------------------1/ Prices for all products are issued once a week and represent a value for the entire week. Monthly averages are based on weekly ptime-weighted according to the number of workdays in the month - Saturdays, Sundays and National Holidays excluded. No monthly averone or more weekly prices are missing. 
 DAIRY MARKET NEWS INTERNATIONAL MONTHLY SUMMARY AND AVERAGES FOR MARCH 20171 

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

 

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

 ::REPORT NUMBER 9 ::REPORT NUMBER 11 ::REPORT NUMBER 13 :: 2017 * : 2016 * 

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

 :: MAR 01 - 03 :: MAR 06 - 17 :: MAR 20 - 31 :: Average : Average 

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

 

BUTTER (82% BUTTERFAT) 

 -- OCEANIA :: 4500 - 4850 :: 4625 - 4850 :: 4950 - 5475 :: 4936 : 2772 

 -- WESTERN EUROPE :: 4250 - 4450 :: 4450 - 4525 :: 4625 - 4725 :: 4551 : 2627 

BUTTEROIL (99% BUTTERFAT) 

 -- WESTERN EUROPE :: 4825 - 5300 :: 4975 - 5325 :: 5150 - 5400 :: 5193 : 3713 

CHEDDAR CHEESE (39% MAXIMUM MOISTURE) 

 -- OCEANIA :: 3750 - 3925 :: 3500 - 3725 :: 3500 - 3725 :: 3642 : 2585 

SKIM MILK POWDER (1.25% BUTTERFAT) 

 -- OCEANIA :: 2450 - 2650 :: 2075 - 2300 :: 1950 - 2025 :: 2148 : 1742 

 -- SOUTH AMERICA :: 2575 - 2775 :: 2600 - 3100 :: 2500 - 2900 :: 2762 : 

 -- WESTERN EUROPE :: 1950 - 2050 :: 1850 - 2025 :: 1800 - 1925 :: 1913 : 1725 

 

WHEY POWDER (NONHYGROSCOPIC) 

 -- WESTERN EUROPE :: 1075 - 1125 :: 1075 - 1150 :: 1100 - 1150 :: 1116 : 600 

WHOLE MILK POWDER (26% BUTTERFAT) 

 -- OCEANIA :: 3200 - 3375 :: 2825 - 3100 :: 2850 - 3125 :: 3016 : 2052 

 -- SOUTH AMERICA :: 2850 - 3450 :: 2975 - 3475 :: 3000 - 3500 :: 3226 : 

 -- WESTERN EUROPE :: 3025 - 3200 :: 2925 - 3175 :: 2825 - 3075 :: 3015 : 2092 

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

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 2017 

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

 ::REPORT NUMBER 9 ::REPORT NUMBER 10::REPORT NUMBER 11::REPORT NUMBER 12::REPORT NUMBER 13:: 2017 * : 2016 * 

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

 :: MAR 1 - 3 :: MAR 6 - 10 :: MAR 13 - 17 :: MAR 20 - 24 :: MAR 27 - 31 :: Average : Average 

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

 

 BUTTER* 

 

-- GRADE AA 

 --Monday :: :: 2.1475 :: 2.1625 :: 2.1300 :: 2.1000 :: : 

 --Tuesday :: :: 2.1675 :: 2.1800 :: 2.1200 :: 2.1000 :: : 

 --Wednesday :: 2.2325 :: 2.1975 :: 2.1500 :: 2.1200 :: 2.1000 :: : 

 --Thursday :: 2.1625 :: 2.1625 :: 2.1100 :: 2.1000 :: 2.1000 :: : 

 --Friday :: 2.1625 :: 2.1625 :: 2.1300 :: 2.0975 :: 2.1075 :: 2.1392 : 1.9605 

 

 --Weekly Average** :: 2.1795 :: 2.1675 :: 2.1465 :: 2.1135 :: 2.1015 :: : 

 

 CHEESE* 

 

-- BARRELS 

 --Monday :: :: 1.4375 :: 1.4000 :: 1.3600 :: 1.3700 :: : 

 --Tuesday :: :: 1.4300 :: 1.4000 :: 1.3900 :: 1.3700 :: : 

 --Wednesday :: 1.4650 :: 1.4500 :: 1.3750 :: 1.4100 :: 1.3700 :: : 

 --Thursday :: 1.4650 :: 1.4000 :: 1.3500 :: 1.4100 :: 1.4500 :: : 

 --Friday :: 1.4375 :: 1.4000 :: 1.3650 :: 1.3900 :: 1.4700 :: 1.4072 : 1.4530 

 

 --Weekly Average** :: 1.4760 :: 1.4235 :: 1.3780 :: 1.3920 :: 1.4060 :: : 

 

-- 40# BLOCKS 

 --Monday :: :: 1.4800 :: 1.3675 :: 1.4025 :: 1.4450 :: : 

 --Tuesday :: :: 1.4600 :: 1.3700 :: 1.4300 :: 1.4450 :: : 

 --Wednesday :: 1.4900 :: 1.4400 :: 1.3600 :: 1.4500 :: 1.4450 :: : 

 --Thursday :: 1.4700 :: 1.3975 :: 1.3600 :: 1.4400 :: 1.5100 :: : 

 --Friday :: 1.4800 :: 1.3850 :: 1.4000 :: 1.4400 :: 1.5200 :: 1.4342 : 1.4877 

 

 --Weekly Average** :: 1.5065 :: 1.4325 :: 1.3715 :: 1.4325 :: 1.4730 :: : 

 

 NONFAT DRY MILK* 

 

-- GRADE A 

 --Monday :: :: 0.8050 :: 0.8075 :: 0.8050 :: 0.8200 :: : 

 --Tuesday :: :: 0.8000 :: 0.8050 :: 0.8050 :: 0.8150 :: : 

 --Wednesday :: 0.7925 :: 0.8100 :: 0.7950 :: 0.8225 :: 0.8075 :: : 

 --Thursday :: 0.7975 :: 0.8100 :: 0.7950 :: 0.8450 :: 0.8075 :: : 

 --Friday :: 0.8050 :: 0.8100 :: 0.8050 :: 0.8200 :: 0.8000 :: 0.8080 : 0.7413 

 

 --Weekly Average** :: 0.8085 :: 0.8070 :: 0.8015 :: 0.8195 :: 0.8100 :: : 

 

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

* 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.