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

 

 ::REPORT NUMBER 18 ::REPORT NUMBER 19 ::REPORT NUMBER 20 ::REPORT NUMBER 21 ::REPORT NUMBER 22 :: 2018 : 2017 

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

 :: MAY 1 - 4 :: MAY 7 - 11 :: MAY 14 - 18 :: MAY 21 - 25 :: MAY 29 - 31 :: Average : Average 

 

 CHEESE 

WISCONSIN (WSP, Delivered, LTL) 

-- Process American 5# Loaf :: 1.5775 - 1.9375 :: 1.6700 - 2.0300 :: 1.7350 - 2.0950 :: 1.6600 - 2.0200 :: 1.6475 - 2.0075 :: 1.8426 : 1.7365 

-- Brick And/Or Muenster 5# :: 1.9825 - 2.4075 :: 2.0200 - 2.4450 :: 2.0425 - 2.4675 :: 1.9725 - 2.3975 :: 1.9925 - 2.4175 :: 2.2163 : 2.1640 

-- Cheddar 40# Block :: 1.7100 - 2.1050 :: 1.7475 - 2.1425 :: 1.7700 - 2.1650 :: 1.7000 - 2.0950 :: 1.7200 - 2.1150 :: 1.9288 : 1.8765 

-- Monterey Jack 10# :: 1.9575 - 2.1625 :: 1.9950 - 2.2000 :: 2.0175 - 2.2225 :: 1.9475 - 2.1525 :: 1.9675 - 2.1725 :: 2.0813 : 2.0290 

-- Blue 5# :: 2.2500 - 3.2375 :: 2.2875 - 3.2750 :: 2.3100 - 3.2975 :: 2.2400 - 3.2275 :: 2.2600 - 3.2475 :: 2.7650 : 2.7127 

-- Mozzarella 5 - 6# :: 1.7825 - 2.7225 :: 1.8200 - 2.7600 :: 1.8425 - 2.7825 :: 1.7725 - 2.7125 :: 1.7925 - 2.7325 :: 2.2738 : 2.2215 

-- Grade A Swiss Cuts 6 - 9# :: 2.5200 - 2.6375 :: 2.4525 - 2.5700 :: 2.4525 - 2.5700 :: 2.4525 - 2.5700 :: 2.4525 - 2.5700 :: 2.5235 : 2.8959 

NORTHEAST (WSP, Delivered, LTL) 

-- Cheddar 40# Block :: 2.0750 - 2.3600 :: 2.1125 - 2.3975 :: 2.1350 - 2.4200 :: 2.0650 - 2.3500 :: 2.0850 - 2.3700 :: 2.2388 : 2.1890 

-- Process 5# Sliced :: 1.6225 - 2.1025 :: 1.7150 - 2.1950 :: 1.7800 - 2.2600 :: 1.7050 - 2.1850 :: 1.6925 - 2.1725 :: 1.9476 : 1.8390 

-- Muenster :: 2.0600 - 2.4100 :: 2.0975 - 2.4475 :: 2.1200 - 2.4700 :: 2.0500 - 2.4000 :: 2.0700 - 2.4200 :: 2.2563 : 2.2065 

-- Grade A Swiss Cuts 10 - 14# :: 3.0025 - 3.3250 :: 2.9350 - 3.2575 :: 2.9350 - 3.2575 :: 2.9350 - 3.2575 :: 2.9350 - 3.2575 :: 3.1085 : 3.4809 

WEST COAST (WSP, Delivered, LTL) 

-- Process 5# Loaf :: 1.5650 - 1.8225 :: 1.6575 - 1.9150 :: 1.7225 - 1.9800 :: 1.6475 - 1.9050 :: 1.6350 - 1.8925 :: 1.7789 : 1.6727 

-- Cheddar 40# Block :: 1.7425 - 2.1875 :: 1.7800 - 2.2250 :: 1.8025 - 2.2475 :: 1.7325 - 2.1775 :: 1.7525 - 2.1975 :: 1.9863 : 1.9340 

-- Cheddar 10# Cuts :: 1.9225 - 2.1425 :: 1.9600 - 2.1800 :: 1.9825 - 2.2025 :: 1.9125 - 2.1325 :: 1.9325 - 2.1525 :: 2.0538 : 2.0015 

-- Monterey Jack 10# :: 1.9325 - 2.0925 :: 1.9700 - 2.1300 :: 1.9925 - 2.1525 :: 1.9225 - 2.0825 :: 1.9425 - 2.1025 :: 2.0338 : 1.9815 

-- Grade A Swiss Cuts 6 - 9# :: 2.5800 - 3.0100 :: 2.5125 - 2.9425 :: 2.5125 - 2.9425 :: 2.5125 - 2.9425 :: 2.5325 - 2.9625 :: 2.7425 : 3.1122 

 

 

 FLUID PRODUCTS 

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

 -- Northeast - f.o.b :: 2.7163 - 2.9761 :: 2.7807 - 3.0635 :: 2.7488 - 2.9585 :: 2.8019 - 3.1343 :: 2.8527 - 3.1911 :: 2.9168 : 2.6217 

 -- Upper Midwest - f.o.b :: 2.8580 - 2.9761 :: 2.8514 - 2.9692 :: 2.8187 - 2.9352 :: 2.8731 - 2.9919 :: 2.9494 - 3.0219 :: 2.9193 : 2.6494 

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

 -- Class II :: 0.50 - 0.81 :: 0.45 - 0.81 :: 0.45 - 0.81 :: 0.45 - 0.81 :: 0.45 - 0.85 :: 0.6373 : 0.4873 

 -- Class III :: 0.55 - 0.86 :: 0.49 - 0.85 :: 0.49 - 0.85 :: 0.49 - 0.85 :: 0.49 - 0.85 :: 0.6764 : 0.5364 
 DAIRY MARKET NEWS DOMESTIC MONTHLY SUMMARY AND AVERAGES FOR MAY 20181 - (UNLESS OTHERWISE NOTED, PRICES ARE DOLLARS PER POUND, CL/TL) 

 

 ::REPORT NUMBER 18 ::REPORT NUMBER 19 ::REPORT NUMBER 20 ::REPORT NUMBER 21 ::REPORT NUMBER 22 :: 2018 : 2017 

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

 :: MAY 1 - 4 :: MAY 7 - 11 :: MAY 14 - 18 :: MAY 21 - 25 :: MAY 29 - 31 :: Average : Average 

 

 DRY PRODUCTS 

NONFAT DRY MILK 

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

 -- Low/Medium Heat :: 0.6800 - 0.8700 :: 0.7100 - 0.8800 :: 0.7550 - 0.8800 :: 0.7700 - 0.8800 :: 0.8000 - 0.8900 :: 0.8101 : 0.8750 

 -- Mostly :: 0.7550 - 0.8200 :: 0.7550 - 0.8500 :: 0.7825 - 0.8600 :: 0.8000 - 0.8600 :: 0.8100 - 0.8600 :: 0.8147 : 0.8770 

 -- High Heat :: 0.8500 - 0.9800 :: 0.8875 - 0.9800 :: 0.9100 - 1.0500 :: 0.9225 - 1.0500 :: 0.9300 - 1.0800 :: 0.9625 : 1.0098 

-- West (f.o.b) 

 -- Low/Medium Heat :: 0.7500 - 0.8675 :: 0.7625 - 0.8950 :: 0.7600 - 0.8950 :: 0.7950 - 0.8950 :: 0.7900 - 0.8925 :: 0.8302 : 0.8759 

 -- Mostly :: 0.7500 - 0.8300 :: 0.8050 - 0.8500 :: 0.7800 - 0.8700 :: 0.8000 - 0.8700 :: 0.8000 - 0.8900 :: 0.8242 : 0.8882 

 -- High Heat :: 0.9000 - 1.0300 :: 0.9000 - 1.0500 :: 0.9000 - 1.0700 :: 0.9250 - 1.0700 :: 0.9500 - 1.0800 :: 0.9860 : 1.0041 

WHEY POWDER (Nonhygroscopic) 

 -- Central (f.o.b.) :: 0.2250 - 0.3500 :: 0.2000 - 0.3500 :: 0.2250 - 0.3500 :: 0.2500 - 0.3600 :: 0.2700 - 0.4000 :: 0.2951 : 0.4784 

 -- Mostly :: 0.2250 - 0.2750 :: 0.2250 - 0.2900 :: 0.2525 - 0.3100 :: 0.2525 - 0.3100 :: 0.2725 - 0.3450 :: 0.2739 : 0.4914 

 -- West (f.o.b.) :: 0.2300 - 0.3300 :: 0.2300 - 0.3600 :: 0.2400 - 0.3600 :: 0.2675 - 0.3600 :: 0.2725 - 0.4000 :: 0.3033 : 0.4716 

 -- Mostly :: 0.2500 - 0.3100 :: 0.2600 - 0.3300 :: 0.2650 - 0.3300 :: 0.2925 - 0.3350 :: 0.3000 - 0.3450 :: 0.3009 : 0.4636 

 -- Northeast (f.o.b.) :: 0.2500 - 0.3000 :: 0.2500 - 0.3350 :: 0.2500 - 0.3500 :: 0.2500 - 0.3600 :: 0.2700 - 0.3600 :: 0.2969 : 0.4845 

WHEY PROTEIN CONCENTRATE 

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

 -- Extra Grade 34% Protein :: 0.5900 - 0.9400 :: 0.6800 - 0.9400 :: 0.6800 - 0.9400 :: 0.6800 - 0.9400 :: 0.6800 - 0.9400 :: 0.8018 : 0.9936 

 -- Mostly :: 0.6800 - 0.7600 :: 0.7000 - 0.7800 :: 0.7200 - 0.8000 :: 0.7200 - 0.8000 :: 0.7400 - 0.8100 :: 0.7502 : 0.9138 

ANIMAL FEED - WHEY 

-- Central (f.o.b.) 

 -- Milk Replacer :: 0.1800 - 0.2300 :: 0.1750 - 0.2200 :: 0.1500 - 0.2200 :: 0.1500 - 0.2200 :: 0.1500 - 0.2200 :: 0.1915 : 0.3888 

BUTTERMILK (Min. 30% protein) 

-- Central And East (f.o.b.) :: 0.6700 - 0.7900 :: 0.7100 - 0.7900 :: 0.7100 - 0.8000 :: 0.7100 - 0.8000 :: 0.7100 - 0.8200 :: 0.7507 : 0.8423 

-- West (f.o.b.) :: 0.6800 - 0.7800 :: 0.6800 - 0.7800 :: 0.7000 - 0.8000 :: 0.7000 - 0.8000 :: 0.7000 - 0.8200 :: 0.7432 : 0.8407 

 -- Mostly :: 0.7000 - 0.7700 :: 0.7000 - 0.7700 :: 0.7300 - 0.7700 :: 0.7300 - 0.7700 :: 0.7300 - 0.7800 :: 0.7445 : 0.8352 

DRY WHOLE MILK 

-- National (f.o.b.) :: 1.4500 - 1.6000 :: 1.4500 - 1.6000 :: 1.5000 - 1.6000 :: 1.5000 - 1.6500 :: 1.5000 - 1.6500 :: 1.5489 : 1.3650 

LACTOSE 

-- Central And West (f.o.b.) :: 0.1900 - 0.3900 :: 0.1800 - 0.3900 :: 0.1800 - 0.3900 :: 0.1800 - 0.3900 :: 0.1800 - 0.3900 :: 0.2859 : 0.4513 

 -- Mostly :: 0.2200 - 0.2800 :: 0.2200 - 0.2900 :: 0.2200 - 0.2950 :: 0.2200 - 0.3000 :: 0.2325 - 0.3000 :: 0.2573 : 0.4100 

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

 -- Nonrestricted - Rennet :: 2.3200 - 2.6900 :: 2.3200 - 2.6900 :: 2.1900 - 2.5200 :: 2.1650 - 2.4900 :: 2.1650 - 2.4900 :: 2.4064 : 2.9227 

 -- Nonrestricted - Acid :: 2.9500 - 3.2100 :: 2.9500 - 3.2100 :: 2.9200 - 3.1700 :: 2.8900 - 3.1500 :: 2.8900 - 3.1500 :: 3.0502 : 3.5784 

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

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 MAY 20181 

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

 

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

 ::REPORT NUMBER 19 ::REPORT NUMBER 21 ::REPORT NUMBER 23 :: 2018 * : 2017 * 

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

 :: MAY 1 - 11 :: MAY 14 - 25 :: MAY 28 - 31 :: Average : Average 

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

*Average updated 

BUTTER (82% BUTTERFAT) 

 -- OCEANIA :: 5625 - 5775 :: 5750 - 5850 :: 5525 - 5900 :: 5746 : 5200 

 -- WESTERN EUROPE :: 6800 - 7125 :: 6900 - 7250 :: 7125 - 7300 :: 7055 : 5423 

BUTTEROIL (99% BUTTERFAT) 

 -- WESTERN EUROPE :: 6500 - 7650 :: 6300 - 8300 :: 6300 - 8800 :: 7255 : 5666 

CHEDDAR CHEESE (39% MAXIMUM MOISTURE) 

 -- OCEANIA :: 3925 - 4000 :: 4050 - 4400 :: 3975 - 4100 :: 4090 : 3662 

SKIM MILK POWDER (1.25% BUTTERFAT) 

 -- OCEANIA :: 1975 - 2100 :: 2025 - 2150 :: 2025 - 2300 :: 2081 : 2004 

 -- SOUTH AMERICA :: 2350 - 2650 :: 2400 - 2700 :: 2300 - 2600 :: *2513 : 2872

 -- WESTERN EUROPE :: 1675 - 1800 :: 1700 - 1825 :: 1775 - 1950 :: 1770 : 2051 

WHEY POWDER (NONHYGROSCOPIC) 

 -- WESTERN EUROPE :: 900 - 925 :: 875 - 950 :: 825 - 975 :: 910 : 1203 

WHOLE MILK POWDER (26% BUTTERFAT) 

 -- OCEANIA :: 3175 - 3350 :: 3200 - 3350 :: 3175 - 3350 :: 3268 : 3211 

 -- SOUTH AMERICA :: 3000 - 3250 :: 3100 - 3300 :: 3100 - 3300 :: 3171 : 3387 

 -- WESTERN EUROPE :: 3250 - 3375 :: 3250 - 3400 :: 3275 - 3475 :: 3329 : 3184 

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

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 MAY 2018 

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

 ::REPORT NUMBER 18::REPORT NUMBER 19::REPORT NUMBER 20::REPORT NUMBER 21::REPORT NUMBER 22:: 2018 * : 2017 * 

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

 :: MAY 1 - 4 :: MAY 7 - 11 :: MAY 14 - 18 :: MAY 21 - 25 :: MAY 29 - 31 :: Average : Average 

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

 

 BUTTER* 

 

-- GRADE AA 

 --Monday :: :: 2.3250 :: 2.3400 :: 2.4350 :: 1 :: : 

 --Tuesday :: 2.3600 :: 2.3025 :: 2.3825 :: 2.4500 :: 2.4175 :: : 

 --Wednesday :: 2.3475 :: 2.3450 :: 2.3800 :: 2.3850 :: 2.4250 :: : 

 --Thursday :: 2.3525 :: 2.3400 :: 2.3850 :: 2.4025 :: 2.3900 :: : 

 --Friday :: 2.3525 :: 2.3350 :: 2.3850 :: 2.4150 :: :: 2.3751 : 2.2684 

 

--Weekly Average** :: 2.3565 :: 2.3295 :: 2.3745 :: 2.4175 :: 

 

 CHEESE* 

 

-- BARRELS 

 --Monday :: :: 1.6525 :: 1.6000 :: 1.5700 :: 1 :: : 

 --Tuesday :: 1.6025 :: 1.6500 :: 1.6000 :: 1.5650 :: 1.5550 :: : 

 --Wednesday :: 1.6025 :: 1.6500 :: 1.5800 :: 1.5500 :: 1.5575 :: : 

 --Thursday :: 1.6025 :: 1.6500 :: 1.5350 :: 1.5500 :: 1.5450 :: : 

 --Friday :: 1.6000 :: 1.6200 :: 1.5325 :: 1.5450 :: :: 1.5870 : 1.4806 

 

--Weekly Average** :: 1.5790 :: 1.6445 :: 1.5695 :: 1.5560 :: 

 

-- 40# BLOCKS 

 --Monday :: :: 1.6925 :: 1.6400 :: 1.6400 :: 1 :: : 

 --Tuesday :: 1.6600 :: 1.7025 :: 1.6400 :: 1.6375 :: 1.6200 :: : 

 --Wednesday :: 1.6650 :: 1.7025 :: 1.6000 :: 1.6300 :: 1.6075 :: : 

 --Thursday :: 1.6650 :: 1.6650 :: 1.5825 :: 1.6250 :: 1.6075 :: : 

 --Friday :: 1.6650 :: 1.6325 :: 1.5825 :: 1.6100 :: :: 1.6397 : 1.6264 

 

--Weekly Average** :: 1.6570 :: 1.6790 :: 1.6090 :: 1.6285 :: 

 

 NONFAT DRY MILK* 

 

-- GRADE A 

 --Monday :: :: 0.8600 :: 0.8475 :: 0.8550 :: 1 :: : 

 --Tuesday :: 0.8250 :: 0.8600 :: 0.8475 :: 0.8550 :: 0.8450 :: : 

 --Wednesday :: 0.8200 :: 0.8300 :: 0.8475 :: 0.8400 :: 0.8400 :: : 

 --Thursday :: 0.8375 :: 0.8500 :: 0.8550 :: 0.8425 :: 0.8250 :: : 

 --Friday :: 0.8425 :: 0.8500 :: 0.8525 :: 0.8425 :: :: 0.8441 : 0.8888 

 

--Weekly Average** :: 0.8360 :: 0.8500 :: 0.8500 :: 0.8470 :: 

 

 WHEY* 

 

-- EXTRA GRADE 

 --Monday :: :: 0.3200 :: 0.3300 :: 0.3700 :: 1 :: : 

 --Tuesday :: 0.3100 :: 0.3200 :: 0.3300 :: 0.3725 :: 0.3775 :: : 

 --Wednesday :: 0.3150 :: 0.3200 :: 0.3400 :: 0.3600 :: 0.3775 :: : 

 --Thursday :: 0.3175 :: 0.3225 :: 0.3675 :: 0.3700 :: 0.3900 :: : 

 --Friday :: 0.3175 :: 0.3250 :: 0.3700 :: 0.3725 :: :: 0.3452 : 

 

--Weekly Average** :: 0.3140 :: 0.3215 :: 0.3475 :: 0.3690 :: 

 

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

* 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 Memorial Day Holiday.