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

 

 ::REPORT NUMBER 27 ::REPORT NUMBER 28 ::REPORT NUMBER 29 ::REPORT NUMBER 30 ::REPORT NUMBER 31 :: 2017 : 2016 

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

 :: JUL 3 - 7 :: JUL 10 - 14 :: JUL 17 - 21 :: JUL 24 - 28 :: JUL 31 :: Average : Average 

 

 CHEESE 

WISCONSIN (WSP, Delivered, LTL) 

-- Process American 5# Loaf :: 1.4550 - 1.8150 :: 1.4600 - 1.8200 :: 1.5275 - 1.8875 :: 1.5500 - 1.9100 :: 1.5625 - 1.9225 :: 1.6835 : 1.9688 

-- Brick And/Or Muenster 5# :: 1.8825 - 2.3075 :: 1.9075 - 2.3325 :: 1.9900 - 2.4150 :: 2.0700 - 2.4950 :: 2.0825 - 2.5075 :: 2.1850 : 2.2084 

-- Cheddar 40# Block :: 1.6100 - 2.0050 :: 1.6350 - 2.0300 :: 1.7175 - 2.1125 :: 1.7975 - 2.1925 :: 1.8100 - 2.2050 :: 1.8975 : 1.9209 

-- Monterey Jack 10# :: 1.8575 - 2.0625 :: 1.8825 - 2.0875 :: 1.9650 - 2.1700 :: 2.0450 - 2.2500 :: 2.0575 - 2.2625 :: 2.0500 : 2.0734 

-- Blue 5# :: 2.1500 - 3.1375 :: 2.1750 - 3.1625 :: 2.2575 - 3.2450 :: 2.3375 - 3.3250 :: 2.3500 - 3.3375 :: 2.7338 : 2.7571 

-- Mozzarella 5 - 6# :: 1.6825 - 2.6225 :: 1.7075 - 2.6475 :: 1.7900 - 2.7300 :: 1.8700 - 2.8100 :: 1.8825 - 2.8225 :: 2.2425 : 2.2659 

-- Grade A Swiss Cuts 6 - 9# :: 2.6500 - 2.7675 :: 2.6500 - 2.7675 :: 2.6500 - 2.7675 :: 2.6500 - 2.7675 :: 2.6500 - 2.7675 :: 2.7088 : 2.5419 

NORTHEAST (WSP, Delivered, LTL) 

-- Cheddar 40# Block :: 1.9575 - 2.2425 :: 1.9825 - 2.2675 :: 2.0650 - 2.3500 :: 2.1450 - 2.4300 :: 2.1575 - 2.4425 :: 2.1900 : 2.1684 

-- Process 5# Sliced :: 1.5175 - 1.9975 :: 1.5225 - 2.0025 :: 1.5900 - 2.0700 :: 1.6125 - 2.0925 :: 1.6250 - 2.1050 :: 1.8060 : 2.1363 

-- Muenster :: 1.9425 - 2.2925 :: 1.9675 - 2.3175 :: 2.0500 - 2.4000 :: 2.1300 - 2.4800 :: 2.1425 - 2.4925 :: 2.2075 : 2.2209 

-- Grade A Swiss Cuts 10 - 14# :: 3.1325 - 3.4550 :: 3.1325 - 3.4550 :: 3.1325 - 3.4550 :: 3.1325 - 3.4550 :: 3.1325 - 3.4550 :: 3.2938 : 3.1269 

WEST COAST (WSP, Delivered, LTL) 

-- Process 5# Loaf :: 1.4425 - 1.7000 :: 1.4475 - 1.7050 :: 1.5150 - 1.7725 :: 1.5375 - 1.7950 :: 1.5500 - 1.8075 :: 1.6198 : 1.9325 

-- Cheddar 40# Block :: 1.6425 - 2.0875 :: 1.6675 - 2.1125 :: 1.7500 - 2.1950 :: 1.8300 - 2.2750 :: 1.8425 - 2.2875 :: 1.9550 : 1.9509 

-- Cheddar 10# Cuts :: 1.8225 - 2.0425 :: 1.8475 - 2.0675 :: 1.9300 - 2.1500 :: 2.0100 - 2.2300 :: 2.0225 - 2.2425 :: 2.0225 : 2.0184 

-- Monterey Jack 10# :: 1.8325 - 1.9925 :: 1.8575 - 2.0175 :: 1.9400 - 2.1000 :: 2.0200 - 2.1800 :: 2.0325 - 2.1925 :: 2.0025 : 1.9984 

-- Grade A Swiss Cuts 6 - 9# :: 2.7100 - 3.1400 :: 2.7100 - 3.1400 :: 2.7100 - 3.1400 :: 2.7100 - 3.1400 :: 2.7100 - 3.1400 :: 2.9250 : 2.7581 

 

 

 FLUID PRODUCTS 

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

 -- Northeast - f.o.b :: 3.2135 - 3.5560 :: 3.1343 - 3.5261 :: 3.1962 - 3.5080 :: 3.2195 - 3.5336 :: 3.4249 - 3.6093 :: 3.3675 : 2.9970 

 -- Upper Midwest - f.o.b :: 3.1608 - 3.3979 :: 3.1343 - 3.3955 :: 3.1182 - 3.4300 :: 3.1672 - 3.4551 :: 3.2141 - 3.4775 :: 3.2857 : 2.8892 

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

 -- Class II :: 0.35 - 0.65 :: 0.35 - 0.65 :: 0.35 - 0.77 :: 0.35 - 0.81 :: 0.30 - 0.80 :: 0.5375 : 0.5563 

 -- Class III :: 0.30 - 0.70 :: 0.30 - 0.70 :: 0.30 - 0.75 :: 0.30 - 0.75 :: 0.30 - 0.75 :: 0.5138 : 0.4038 
 DAIRY MARKET NEWS DOMESTIC MONTHLY SUMMARY AND AVERAGES FOR JULY 20171 - (UNLESS OTHERWISE NOTED, PRICES ARE DOLLARS PER POUND, CL/TL) 

 

 ::REPORT NUMBER 27 ::REPORT NUMBER 28 ::REPORT NUMBER 29 ::REPORT NUMBER 30 ::REPORT NUMBER 31 :: 2017 : 2016 

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

 :: JUL 3 - 7 :: JUL 10 - 14 :: JUL 17 - 21 :: JUL 24 - 28 :: JUL 31 :: Average : Average 

 

 DRY PRODUCTS 

NONFAT DRY MILK 

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

 -- Low/Medium Heat :: 0.8450 - 0.9400 :: 0.8500 - 0.9400 :: 0.8500 - 0.9800 :: 0.8500 - 0.9600 :: 0.8500 - 0.9500 :: 0.9023 : 0.8824 

 -- Mostly :: 0.8800 - 0.9200 :: 0.8800 - 0.9200 :: 0.8800 - 0.9200 :: 0.8800 - 0.9200 :: 0.8800 - 0.9200 :: 0.9000 : 0.8774 

 -- High Heat :: 0.9900 - 1.0900 :: 1.0000 - 1.0900 :: 1.0000 - 1.0900 :: 1.0000 - 1.0900 :: 1.0000 - 1.0900 :: 1.0440 : 0.9531 

-- West (f.o.b) 

 -- Low/Medium Heat :: 0.8000 - 0.9500 :: 0.8150 - 0.9500 :: 0.8050 - 0.9600 :: 0.8050 - 0.9400 :: 0.8150 - 0.9600 :: 0.8788 : 0.8736 

 -- Mostly :: 0.8500 - 0.9300 :: 0.8700 - 0.9200 :: 0.8700 - 0.9200 :: 0.8700 - 0.9200 :: 0.8700 - 0.9200 :: 0.8940 : 0.8910 

 -- High Heat :: 0.9800 - 1.0600 :: 0.9800 - 1.0600 :: 0.9800 - 1.0700 :: 0.9800 - 1.0700 :: 0.9800 - 1.0650 :: 1.0226 : 0.9713 

WHEY POWDER (Nonhygroscopic) 

 -- Central (f.o.b.) :: 0.3500 - 0.5500 :: 0.3400 - 0.5200 :: 0.3200 - 0.5100 :: 0.3200 - 0.5100 :: 0.3200 - 0.5100 :: 0.4258 : 0.2903 

 -- Mostly :: 0.3900 - 0.4850 :: 0.3900 - 0.4700 :: 0.3800 - 0.4700 :: 0.3800 - 0.4700 :: 0.3600 - 0.4600 :: 0.4280 : 0.2546 

 -- West (f.o.b.) :: 0.3800 - 0.5150 :: 0.3800 - 0.4925 :: 0.3800 - 0.4850 :: 0.3600 - 0.4850 :: 0.3600 - 0.4625 :: 0.4329 : 0.2853 

 -- Mostly :: 0.4000 - 0.4650 :: 0.4000 - 0.4500 :: 0.4000 - 0.4500 :: 0.4000 - 0.4450 :: 0.3950 - 0.4450 :: 0.4256 : 0.2687 

 -- Northeast (f.o.b.) :: 0.3700 - 0.5075 :: 0.3700 - 0.5050 :: 0.3500 - 0.4900 :: 0.3500 - 0.4800 :: 0.3600 - 0.4700 :: 0.4266 : 0.2787 

WHEY PROTEIN CONCENTRATE 

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

 -- Extra Grade 34% Protein :: 0.7200 - 1.2350 :: 0.7500 - 1.1850 :: 0.7400 - 1.1850 :: 0.7200 - 1.1850 :: 0.7100 - 1.1850 :: 0.9635 : 0.6831 

 -- Mostly :: 0.8000 - 0.9900 :: 0.8300 - 0.9550 :: 0.8300 - 0.9550 :: 0.8300 - 0.9550 :: 0.8000 - 0.9425 :: 0.8919 : 0.6937 

ANIMAL FEED - WHEY 

-- Central (f.o.b.) 

 -- Milk Replacer :: 0.3000 - 0.4725 :: 0.3000 - 0.4725 :: 0.3000 - 0.4725 :: 0.3200 - 0.4725 :: 0.2800 - 0.4550 :: 0.3878 : 0.1722 

BUTTERMILK (Min. 30% protein) 

-- Central And East (f.o.b.) :: 0.8400 - 0.9200 :: 0.8450 - 0.9200 :: 0.8450 - 0.9200 :: 0.8450 - 0.9200 :: 0.8450 - 0.9225 :: 0.8821 : 0.8065 

-- West (f.o.b.) :: 0.8200 - 0.9400 :: 0.8200 - 0.9400 :: 0.8200 - 0.9400 :: 0.8200 - 0.9600 :: 0.8200 - 0.9600 :: 0.8830 : 0.7774 

 -- Mostly :: 0.9000 - 0.9200 :: 0.9000 - 0.9200 :: 0.9000 - 0.9200 :: 0.9100 - 0.9200 :: 0.9100 - 0.9200 :: 0.9115 : 0.7720 

DRY WHOLE MILK 

-- National (f.o.b.) :: 1.3000 - 1.5500 :: 1.3000 - 1.6000 :: 1.3000 - 1.6000 :: 1.3000 - 1.6000 :: 1.3000 - 1.7000 :: 1.4475 : 1.3018 

LACTOSE 

-- Central And West (f.o.b.) :: 0.2950 - 0.5500 :: 0.2800 - 0.4900 :: 0.2800 - 0.4900 :: 0.2500 - 0.4900 :: 0.2500 - 0.4900 :: 0.3880 : 0.2821 

 -- Mostly :: 0.3400 - 0.4400 :: 0.3400 - 0.4200 :: 0.3300 - 0.4200 :: 0.3200 - 0.4000 :: 0.3100 - 0.4000 :: 0.3745 : 0.2769 

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

 -- Nonrestricted - Rennet :: 2.7000 - 2.8500 :: 2.7000 - 2.8000 :: 2.7000 - 2.8500 :: 2.7000 - 2.8500 :: 2.7000 - 2.8000 :: 2.7675 : 2.7363 

 -- Nonrestricted - Acid :: 3.4000 - 3.6500 :: 3.4000 - 3.6500 :: 3.4000 - 3.6500 :: 3.4000 - 3.6500 :: 3.4000 - 3.6000 :: 3.5238 : 2.7925 

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

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 JULY 20171 

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

 

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

 ::REPORT NUMBER 27 ::REPORT NUMBER 29 ::REPORT NUMBER 31 :: 2017 * : 2016 * 

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

 :: JUL 3 – 7 :: JUL 10 - 21 :: JUL 24 - 31 :: Average : Average 

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

 

BUTTER (82% BUTTERFAT) 

 -- OCEANIA :: 5800 - 6050 :: 6000 - 6300 :: 5750 - 6200 :: 6046 : 2882 

 -- WESTERN EUROPE :: 6800 - 7025 :: 6950 - 7475 :: 7200 - 7675 :: 7205 : 3379 

BUTTEROIL (99% BUTTERFAT) 

 -- WESTERN EUROPE :: 6000 - 7300 :: 6300 - 7600 :: 6400 - 8350 :: 7000 : 3843 

CHEDDAR CHEESE (39% MAXIMUM MOISTURE) 

 -- OCEANIA :: 3975 - 4050 :: 4025 - 4075 :: 3975 - 4025 :: 4027 : 2865 

SKIM MILK POWDER (1.25% BUTTERFAT) 

 -- OCEANIA :: 2100 - 2150 :: 2025 - 2075 :: 2000 - 2025 :: 2057 : 1925 

 -- SOUTH AMERICA :: 2775 - 3075 :: 2850 - 3150 :: 2850 - 3150 :: 2982 : 

 -- WESTERN EUROPE :: 2000 - 2175 :: 2000 - 2150 :: 2050 - 2225 :: 2096 : 1968 

WHEY POWDER (NONHYGROSCOPIC) 

 -- WESTERN EUROPE :: 1000 - 1200 :: 0975 - 1100 :: 0975 - 1100 :: 1052 : 712 

WHOLE MILK POWDER (26% BUTTERFAT) 

 -- OCEANIA :: 3050 - 3225 :: 3125 - 3275 :: 3175 - 3275 :: 3192 : 2215 

 -- SOUTH AMERICA :: 3200 - 3500 :: 3100 - 3600 :: 3100 - 3500 :: 3336 : 

 -- WESTERN EUROPE :: 3325 - 3650 :: 3400 - 3600 :: 3600 - 3800 :: 3554 : 2435 

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

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 JULY 2017 

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

 ::REPORT NUMBER 27::REPORT NUMBER 28::REPORT NUMBER 29::REPORT NUMBER 30::REPORT NUMBER 31:: 2017 * : 2016 * 

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

 :: JUL 3 - 7 :: JUL 10 - 14 :: JUL 17 - 21 :: JUL 24 - 28 :: JUL 31 :: Average : Average 

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

 

 BUTTER* 

 

-- GRADE AA 

 --Monday :: 2.6450 :: 2.6150 :: 2.6150 :: 2.5850 :: 2.6900 :: : 

 --Tuesday :: 1 :: 2.6075 :: 2.6450 :: 2.5900 :: :: : 

 --Wednesday :: 2.6450 :: 2.5850 :: 2.6325 :: 2.6075 :: :: : 

 --Thursday :: 2.5725 :: 2.5850 :: 2.6100 :: 2.6700 :: :: : 

 --Friday :: 2.5850 :: 2.6000 :: 2.5850 :: 2.7200 :: :: 2.6195 : 2.2731 

 

--Weekly Average** :: 2.6119 :: 2.5985 :: 2.6175 :: 2.6345 :: :: : 

 

 CHEESE* 

 

-- BARRELS 

 --Monday :: 1.3525 :: 1.3850 :: 1.4850 :: 1.4100 :: 1.5450 :: : 

 --Tuesday :: 1 :: 1.4175 :: 1.4850 :: 1.4575 :: :: : 

 --Wednesday :: 1.3700 :: 1.4375 :: 1.4850 :: 1.4600 :: :: : 

 --Thursday :: 1.3675 :: 1.4500 :: 1.4100 :: 1.4600 :: :: : 

 --Friday :: 1.3750 :: 1.4750 :: 1.4100 :: 1.5550 :: :: 1.4396 : 1.7363 

 

--Weekly Average** :: 1.3663 :: 1.4330 :: 1.4550 :: 1.4685 :: :: : 

 

-- 40# BLOCKS 

 --Monday :: 1.5250 :: 1.5550 :: 1.6950 :: 1.7075 :: 1.7550 :: : 

 --Tuesday :: 1 :: 1.6150 :: 1.7100 :: 1.7075 :: :: : 

 --Wednesday :: 1.5400 :: 1.6300 :: 1.7100 :: 1.7075 :: :: : 

 --Thursday :: 1.5550 :: 1.6500 :: 1.7050 :: 1.7150 :: :: : 

 --Friday :: 1.5525 :: 1.6750 :: 1.7075 :: 1.7550 :: :: 1.6586 : 1.6613 

 

--Weekly Average** :: 1.5431 :: 1.6250 :: 1.7055 :: 1.7185 :: :: : 

 

 NONFAT DRY MILK* 

 

-- GRADE A 

 --Monday :: 0.8400 :: 0.8725 :: 0.8525 :: 0.8700 :: 0.8625 :: : 

 --Tuesday :: 1 :: 0.8725 :: 0.8525 :: 0.8650 :: :: : 

 --Wednesday :: 0.8500 :: 0.8700 :: 0.8600 :: 0.8600 :: :: : 

 --Thursday :: 0.8625 :: 0.8675 :: 0.8600 :: 0.8525 :: :: : 

 --Friday :: 0.8675 :: 0.8625 :: 0.8725 :: 0.8600 :: :: 0.8616 : 0.8638 

 

--Weekly Average** :: 0.8550 :: 0.8690 :: 0.8595 :: 0.8615 :: :: : 

 

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

* 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 National Holiday.