United States 

Department of 

Agriculture 

Agricultural 

Marketing 

Service 

Dairy 

Market 

Statistics 

2021 Annual Summary 
PREFACE 

Dairy Market News is a service provided by the U.S. Department of Agriculture 

(USDA) and cooperating State agencies under the authority of the Agricultural 

Marketing Act of 1946. The purpose is to provide dairy farmers and their 

cooperatives, processors, buyers and sellers of dairy products, and others 

with information which will help in making buying and selling decisions and 

future planning. 

This is an annual summary of market statistics on dairy products collected 

and compiled by Dairy Programs of USDA's Agricultural Marketing Service 

(AMS), and published in "Dairy Market News," a weekly report. This annual 

summary contains data for 2021. Similar data have been published for the 

period 1940 through 2020. 

Issued April 2022 

The U.S. Department of Agriculture (USDA) prohibits discrimination in all its 

programs and activities on the basis of race, color, national origin, age, 

disability, and where applicable, sex, marital status, familial status, 

parental status, religion, sexual orientation, genetic information, political 

beliefs, reprisal, or because all or a part of an individual’s income is 

derived from any public assistance program. (Not all prohibited 

bases apply to all programs.) Persons with disabilities who require 

alternative means for communication of program information (Braille, large 

print, audiotape, etc.) should contact USDA’s TARGET Center at (202) 720-2600 

(voice and TDD). 

To file a complaint of discrimination, write to USDA, Director, Office of 

Civil Rights, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410, or 

call (800) 795-3272(voice) or (202) 720-6382 (TDD). USDA is an equal 

opportunity provider and employer. 
TABLE OF CONTENTS 

Page 

SUMMARY OF DAIRY MARKET NEWS OPERATIONS DURING 2021 3 

MARKET NEWS FIELD OFFICE 4 

I. STORAGE

Holdings of dairy products in selected storage centers, by weeks, 2021 5 

II. DAIRY RELATED INFORMATION

International Dairy Market News 2021 Oceania and Western Europe and South America 

Export Prices 6-8

Dairy Market News: Voice Availability 9 

Dairy Market News: Internet Availability 10-12

Dairy Market News: Terminology 13-17

Dairy Market News: Working Guidelines 18-19

National Dairy Products Sales Reports 20 

2021 January – December Monthly and Annual Averages 21-23

III. ORGANIC REPORTS

2021 U.S. Organic Half Gallon Milk Weekly Weighted Average 

Advertised Prices National and Regional 24 

2021 U.S. Half Gallon Milk Weekly Weighted Average Advertised Prices 

Conventional and Organic 25 
SUMMARY OF DAIRY MARKET NEWS OPERATIONS DURING 2021 

Dairy Market News covers markets for dairy products of commercial significance. These 

include butter, various kinds of cheese, concentrated and dry milk products, and fluid 

milk and cream. The kinds of market data gathered are determined by industry needs and 

by the willingness of industry members to voluntarily provide the necessary information. 

Market News reporters obtain information by telephone, Market News Communication System, 

fax and e-mail. They use the telephone most extensively in reaching buyers and sellers 

across the country and around the world. 

Dairy Market News also includes import and export information and USDA releases on milk 

and dairy product production, marketings, stocks, prices, and outlook and situation 

information. 

Prices are reported for trucklot or carlot quantities (40,000 to 45,000) pounds and 

tanklot quantities (49,000 pounds). Prices for most products are issued once a week and 

represent a range of values for the entire week. In calculating the monthly average, the 

weekly price is applied to each workday in the week that is within the month (Saturdays, 

Sundays, and holidays excluded). This procedure is called time weighting. It is important 

for months having a split week because it gives the proper weight to the days in each 

month. No monthly average price is computed if one or more weekly prices are missing. 

Monthly averages for prices reported more than once a week are simple averages of all 

prices reported during the month. Yearly averages are simple averages of the monthly 

average prices. No yearly average is computed if one or more monthly average prices are 

missing. The monthly CME Group exchange averages are simple averages of all the closes 

during the month. 

In addition to the printed report, Market News information is carried by news services 

and by newspapers, radio and television. Information also is available by telephone from 

Market News reporters. Some information is provided around the clock by recorded 

telephone messages (608-422-8602). Information is continually available on the Internet 

at: www.ams.usda.gov/dairymarketnews 

My Market News data can also be accessed through the application programing interface 

on the My Market News site: https://mymarketnews.ams.usda.gov

3
DAIRY PROGRAMS, AMS 

MARKET INFORMATION BRANCH 

MARKET NEWS FIELD OFFICE 

Janet Linder, Director 

Phone 608-422-8588 

Janet.Linder@usda.gov 

4600 American Parkway, STE 106 

Madison, WI 53718 

Phone: 608-422-8587 

FAX: 608-240-6689 

Recorded Information: 608-422-8602 

Internet Address: www.ams.usda.gov/dairymarketnews

Portal database: http://www.marketnews.usda.gov/portal/da

My Market News: https://mymarketnews.ams.usda.gov 

Current Dairy Market News contacts: https://www.ams.usda.gov/market-news/dairycontacts

Dairy Market News Contacts as of March 2022 

GENERAL NUMBER 

(608) 422-8587

Elizabeth Frederick 

(608) 422-8591

Elizabeth.Frederick@USDA.GOV

WEST 

Mike Bandli

(608) 422-8592

Mike.Bandli@USDA.GOV

 WEST 

Roman Caraman 

(608) 422-8593

Roman.Caraman@USDA.GOV

 EAST 

Chelsea Rochelle 

(608) 422-8594

Chelsea.Rochelle@USDA.GOV

ORGANIC/ EAST 

Daniel Johnson 

(608) 422-8605

Daniel.Johnson4@USDA.GOV

EUROPE/OCEANIA 

Eric Graf 

(608) 422-8590

Eric.Graf@USDA.GOV

CENTRAL U.S./SOUTH AMERICA 

Israel Weber 

(608) 422-8601

Israel.Weber@USDA.GOV

DIRECTOR, MARKET NEWS 

 Janet Linder 

(608) 422-8588

Janet.Linder@USDA.GOV

4
Table 3 -- Storage: Holdings of dairy products in selected storage centers, 

by weeks, 2021 1/

(Includes Government stocks)

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

 Week : : American :: Week : : American

 ending : Butter : cheese :: ending : Butter : cheese

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

: 1,000 lbs. :: : 1,000 lbs.

: ---------- :: : ----------

 JAN 04 : 46,084 78,630 :: 28 : 76,788 84,066

11 : 51,257 82,577 :: JUL 05 : 73,746 85,855

18 : 54,315 86,471 :: 12 : 76,163 85,752

25 : 56,055 85,078 :: 19 : 74,478 83,784

 FEB 01 : 56,492 84,787 :: 26 : 74,694 85,335

08 : 58,119 85,449 :: AUG 02 : 74,093 86,009

15 : 60,886 81,980 :: 09 : 73,192 87,317

22 : 59,594 82,868 :: 16 : 72,056 85,245

 MAR 01 : 59,465 84,064 :: 23 : 74,835 84,596

08 : 60,794 85,198 :: 30 : 68,482 85,029

15 : 60,719 85,106 :: SEP 06 : 67,600 85,096

22 : 61,538 83,759 :: 13 : 65,074 85,263

29 : 62,584 80,437 :: 20 : 63,894 83,957

 APR 05 : 62,538 79,231 :: 27 : 60,925 83,099 

12 : 62,519 78,249 :: OCT 04 : 56,042 82,581

19 : 67,711 77,668 :: 11 : 56,868 82,716

26 : 68,407 77,158 :: 18 : 52,291 82,483

 MAY 03 : 72,512 78,283 :: 25 : 49,435 83,708

10 : 74,059 78,079 :: NOV 01 : 48,906 83,293

17 : 72,858 78,528 :: 08 : 40,190 83,097

24 : 72,890 81,035 :: 15 : 37,060 74,194 

29 : 81,883 93,721 :: 22 : 35,628 74,185 

31 : 72,832 81,749 :: 29 : 36,067 77,197

 JUN 07 : 73,839 81,399 :: DEC 06 : 35,218 77,675 

14 : 73,130 83,007 :: 13 : 36,017 79,464 

21 : 74,790 83,835 :: 20 : 33,219 80,380 

 27 : 33,082 82,299 

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

 1/ Holdings as of mornings of given dates. 

5
REPORT BUTTER SKIM MILK POWDER WHOLE MILK POWDER BUTTER OIL WHEY POWDER

1 4000 - 4225 2675 - 2825 3400 - 3475 4900 - 5025 1000 - 1050

3 4000 - 4250 2700 - 2875 3325 - 3475 4700 - 4950 1000 - 1075

5 4025 - 4300 2750 - 2900 3400 - 3575 4725 - 4900 1075 - 1150

7 4275 - 4475 2825 - 2975 3500 - 3650 4800 - 5225 1075 - 1200

9 4375 - 4850 2850 - 3000 3575 - 3725 4825 - 5475 1100 - 1250

11 4575 - 5075 2875 - 3050 3675 - 3950 4825 - 5850 1150 - 1275

13 4725 - 5025 2900 - 3000 3750 - 3900 4750 - 5950 1175 - 1300

15 4800 - 5000 3025 - 3100 3800 - 4000 4800 - 6250 1100 - 1375

17 4700 - 5000 3000 - 3150 3750 - 4000 5000 - 6225 1200 - 1400

19 4725 - 5200 3075 - 3200 3775 - 4050 5025 - 6150 1225 - 1400

21 4800 - 5400 3125 - 3250 3875 - 4100 5250 - 6500 1250 - 1400

23 4875 - 5525 3175 - 3300 3850 - 4100 5325 - 6450 1275 - 1425

25 4675 - 5450 3000 - 3275 3775 - 4050 5250 - 6400 1200 - 1400

27 4475 - 4975 2925 - 3125 3725 - 3925 5325 - 6400 1125 - 1350

29 4350 - 4950 2850 - 3100 3650 - 3875 5475 - 6250 1075 - 1350

31 4375 - 4950 2850 - 3050 3625 - 3875 5450 - 6125 1075 - 1325

33 4500 - 4850 2850 - 3025 3600 - 3825 4800 - 5950 1075 - 1300

35 4625 - 4850 2900 - 3100 3625 - 3950 5800 - 5925 1100 - 1325

37 4750 - 4975 2950 - 3250 3750 - 3975 5600 - 6075 1100 - 1325

39 4750 - 5125 2900 - 3275 3800 - 4025 5650 - 6075 1125 - 1325

41 5000 - 5550 2850 - 3400 3900 - 4125 5550 - 6300 1125 - 1325

43 5400 - 6275 2900 - 3600 4050 - 4425 5950 - 6525 1150 - 1325

45 5925 - 6300 2925 - 3750 4250 - 4600 5725 - 7150 1175 - 1350

47 5925 - 6175 3500 - 3725 4350 - 4575 5900 - 7600 1200 - 1325

49 5875 - 6250 3600 - 3800 4450 - 4800 5850 - 7975 1250 - 1375

51 6075 - 6675 3650 - 3900 4500 - 4850 6125 - 7850 1250 - 1400

Information gathered for this report is from trades, offers to sell, and secondary data. Metric ton = 2,204.6 pounds.

INTERNATIONAL DAIRY MARKET NEWS 

2021 WESTERN EUROPE EXPORT PRICES 

U.S. dollars per metric ton, F.O.B. port.

6
Information gathered for this report is from trades, offers to sell, and secondary data. Metric ton = 2,204.6 pounds.

REPORT BUTTER SKIM MILK POWDER WHOLE MILK POWDER CHEDDAR CHEESE

1 4450 - 4525 3050 - 3125 3275 - 3325 4050 - 4100

3 4700 - 4825 3250 - 3375 3350 - 3400 4000 - 4100

5 4775 - 5050 3100 - 3250 3300 - 3475 4125 - 4250

7 4925 - 5200 3175 - 3275 3575 - 3625 4250 - 4300

9 5075 - 5950 3250 - 3400 3650 - 4400 4250 - 4425

11 5600 - 5850 3375 - 3425 4050 - 4350 4300 - 4500

13 5650 - 5800 3350 - 3475 3975 - 4050 4300 - 4500

15 5750 - 5825 3375 - 3475 4075 - 4100 4300 - 4500

17 5700 - 5750 3400 - 3425 4075 - 4125 4350 - 4575

19 4975 - 5200 3450 - 3500 4100 - 4200 4350 - 4450

21 4875 - 5375 3475 - 3600 4100 - 4200 4400 - 4450

23 4650 - 4800 3450 - 3575 4000 - 4150 4275 - 4450

25 4600 - 4725 3375 - 3550 3950 - 4150 4350 - 4450

27 4350 - 4750 3175 - 3475 3850 - 4150 3900 - 4450

29 4375 - 4550 2925 - 3350 3725 - 4000 3975 - 4400

31 4450 - 4625 2975 - 3100 3600 - 3850 4000 - 4300

33 4600 - 4850 3000 - 3150 3525 - 3725 4025 - 4300

35 4600 - 4850 3000 - 3125 3500 - 3725 4025 - 4300

37 4750 - 5000 3050 - 3300 3500 - 3775 4300 - 4350

39 4800 - 4950 3275 - 3350 3675 - 3875 4225 - 4350

41 4850 - 4975 3275 - 3425 3675 - 3900 4275 - 4400

43 4900 - 5225 3350 - 3475 3750 - 3925 4375 - 4550

45 5125 - 5425 3400 - 3750 3800 - 4000 4500 - 5125

47 5325 - 6650 3500 - 3725 3975 - 4000 4850 - 5600

49 5525 - 5900 3675 - 3725 3975 - 4025 5000 - 5350

51 5825 - 5950 3675 - 3800 3850 - 4000 5100 - 5275

INTERNATIONAL DAIRY MARKET NEWS 

2021 OCEANIA EXPORT PRICES 

U.S. dollars per metric ton, F.O.B. port.

7
Information gathered for this report is from trades, offers to sell, and secondary data. Metric ton = 2,204.6 pounds.

REPORT SKIM MILK POWDER WHOLE MILK POWDER

1 3000 - 3125 3275 - 3375

3 3150 - 3350 3350 - 3450

5 3200 - 3475 3450 - 3650

7 3200 - 3350 3450 - 3675

9 3200 - 3400 3500 - 3875

11 3250 - 3400 3575 - 4000

13 3200 - 3400 3600 - 4000

15 3200 - 3450 3675 - 4000

17 3250 - 3450 3800 - 4050

19 3250 - 3400 3700 - 4050

21 3250 - 3450 3700 - 4150

23 3200 - 3400 3700 - 4100

25 3100 - 3375 3600 - 4000

27 3000 - 3125 3475 - 3825

29 2975 - 3100 3400 - 3800

31 2975 - 3025 3400 - 3700

33 2800 - 3025 3275 - 3575

35 2800 - 3050 3275 - 3575

37 2750 - 3150 3275 - 3575

39 2750 - 3150 3275 - 3650

41 2750 - 3150 3275 - 3625

43 2750 - 3250 3275 - 3700

45 2900 - 3400 3450 - 3750

47 2900 - 3400 3450 - 3750

49 2900 - 3400 3450 - 3750

51 2900 - 3400 3450 - 3750

INTERNATIONAL DAIRY MARKET NEWS 

2021 SOUTH AMERICA EXPORT PRICES 

U.S. dollars per metric ton, F.O.B. port.

8
DIAL 608-422-8602 

MARKET NEWS INFORMATION BY PHONE 

The system is accessible via a touch-tone telephone. By listening to the menu and pressing the appropriate numbers, ylatest CME Group daily pricing for cheese, NDM, Whey and butter, weekly domestic DMN dry product prices, and bidairy product prices. Release day (s) and times (Central) are in parenthesis. 1/ 

CME Group Cash Prices 

Cheese 

NDM

Butter 

Whey 

(Daily-12:15 p.m.) 

DMN Domestic Dry Product 

Prices 

(TH-Weekly 11:00 a.m.) 

PRESS 5 

DMN Int

(TH-Biw

P

1/ Holidays may affect release days and times. 

9
DAIRY MARKET NEWS HOME PAGE

The Dairy Market News homepage contains links to Dairy Program resources, including the My Market News database,

individual Dairy Market News reports, the mandatory reporting program, Class milk prices, and frequently used reports

from sister agencies, such as National Agricultural Statistics Service, and Foreign Agricultural Service.  

https://www.ams.usda.gov/market‐news/dairy

10
DAIRY MARKET NEWS PORTAL

The Dairy Market News portal homepage contains links to Dairy Program resources, including the legacy Dairy Market

News database, or portal, and individual Dairy Market News reports.  

https://www.marketnews.usda.gov/mnp/da‐home

11
MY MARKET NEWS

The My Market News homepage provides access to reports from several commodity groups within Agricultural

Marketing Service, including Dairy, Livestock/Poultry/Grain, and Cotton/Tobacco. Reports are added to this database as

they are issued. This site also houses the Market News API, where users can search for and download data files using the

application programming interface (API).  

https://mymarketnews.ams.usda.gov/

12
DAIRY MARKET NEWS TERMINOLOGY 

Over the years, those engaged in the marketing of dairy products have developed terminology peculiar to the trade. Numerous terms and phrases having special 

meanings are in frequent use. Dairy Market News reports are intended to convey useful information to readers regarding important phases of market situations 

and are best understood by the trade if words and expressions employed are in common usage. The following terms, definitions and abbreviations are used in 

describing dairy markets and market situations. 

AMS - Agricultural Marketing Service: An agency of the U.S. Department of Agriculture. This agency's responsibilities include administering marketing order 

programs, standardization, inspection and grading, market news, and the research and promotion programs. 

BARREL - A single commercial unit of cheese weighing 500 pounds. 

BLOCK – A single commercial unit of cheese weighing either 40 or 640 pounds. 

BULK BUTTER - Packed 68 pounds or 25 kg, net weight, in corrugated boxes. 

BUTTERFAT / MILKFAT - The fat portion of whole milk.

CCC - Commodity Credit Corporation: An agency of the U.S. Department of Agriculture. This agency is authorized to assist agricultural producers through 

loans, purchases, payments and other operations, and makes available materials and facilities required in the production and marketing of agricultural 

commodities. 

CIF - Cost, Insurance, and Freight. 

CLASS AND COMPONENT PRICES AND PRODUCT PRICE FORMULAS: Prices are derived from National Dairy Products Sales Report collected by the 

Agricultural Marketing Service on a weekly basis. Average monthly weighted prices of NDM, whey, butter, and cheese are calculated and used in the Federal 

milk order program product price formulas. The formulas can be found at: http://www.ams.usda.gov/mnreports/dymclassprices.pdf 

CME GROUP – Derivatives marketplace for agricultural, energy, equities, and other markets. CME Group also operates cash spot markets for many 

commodities. 

COLD STORAGE HOLDINGS - Products normally held for 30 days or more in public, private, and semiprivate refrigerated storage facilities. Does not 

include products in wholesalers' and retailers' storage facilities, which are normally held less than 30 days. 

COMMERCIAL DISAPPEARANCE - Commercial disappearance includes civilian and military purchases of milk and dairy products for domestic and 

foreign use, but excludes farm household use and USDA donations of dairy products. Disappearance is a residual figure and therefore can be affected by any 

inaccuracies in estimating milk production, on-farm use, stocks, and imports. 

COMMERCIAL STOCKS - Total U.S. stocks or holdings, minus Government-owned stocks or holdings. 

COMPONENT PRICE – Value of milk’s major components - butterfat, nonfat solids, or protein and other solids. The component prices are derived from 

weekly prices published in the National Dairy Products Sales Report (collected by AMS) for the major dairy products made from the components - butter, 

NDM, cheese, and dry whey. 

CONTRACT SALES - Contract sales (oral or written) include product that is earmarked for a regular established outlet. The contract may cover a specified 

period of time or volume. The price may be fixed or based on negotiated differentials over or under some base price or index. 

DAIRY MARKET NEWS – DMN: A program administered by USDA, Agricultural Marketing Service which collects and provides timely and accurate 

information pertaining to supply and demand conditions for milk and dairy products. The program provides weekly/biweekly dairy market information to 

assist industry participants in making current buying and selling decisions and aid in future planning. 

DMN REGIONS: 

 DOMESTIC: 

CENTRAL - Arkansas, Illinois, Indiana, Iowa, Kansas, Louisiana, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, Oklahoma, 

South Dakota, Texas, and Wisconsin 

NORTHEAST - Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, 

and Vermont 

SOUTHEAST - Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia 

WEST - Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming 

 INTERNATIONAL: 

EU-27 – Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, 

Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden 

EASTERN EUROPE - Belarus, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Republic of Cyprus, Romania, 

Slovakia, and Ukraine 

13
WESTERN EUROPE - Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Norway, 

Portugal, Spain, Sweden, Switzerland and United Kingdom 

OCEANIA - Australia and New Zealand 

SOUTH AMERICA – Argentina, Brazil, Chile, Colombia, Ecuador, Uruguay, Paraguay, Peru 

DELIVERED EQUIVALENT - Prices are derived by using an f.o.b. price, plus an adjustment to reflect the cost of transporting the product to a specified area. 

DELIVERED PRICE - F.O.B. price plus transportation and handling. 

DEMAND - The desire to possess a commodity, coupled with the willingness and ability to pay. 

VERY GOOD – Offerings or supplies are rapidly being absorbed. 

GOOD – Firm confidence on the part of buyers that general market conditions are good. Trading is more active than normal. 

MODERATE – Average buyer interest and trading. 

LIGHT – Demand is below average. 

VERY LIGHT – Few buyers are interested in trading. 

ERS - Economic Research Service: An agency of the U.S. Department of Agriculture. This agency's responsibilities include providing economic research and 

forecasting. 

EX DOCK - Often seen as "Ex Doc, Duty Paid." Imported product that has cleared customs and all paperwork has been completed. Product is available for 

pickup by the buyer. 

EX WORKS - A trade term that describes when a seller makes a product available at a designated location, and the buyer of the product must cover the 

transport costs. 

EXCHANGE - An organization which establishes and enforces rules of trade in a market (cash and futures markets). Terms used by DMN which are 

associated with exchange trading. 

BID - Refers to the price a buyer is willing to pay for a product. May raise the trading level. 

CARLOT – CME Group – 

Cheese = 40,000 - 44,000 pounds 

Butter = 40,000 - 43,000 pounds 

NDM = 41,000 – 45,000 pounds 

Dry Whey = 41,000 – 45,000 pounds 

OFFER - Refers to the price an owner is willing to accept for a product. May lower the trading level. 

SALE - A bid filled or an offer covered. 

FAS - Foreign Agricultural Service: An agency of the U.S. Department of Agriculture. This agency's responsibilities include providing foreign agricultural 

information, administering import regulations, and assisting in the export of U.S. farm products. 

FEDERAL MILK MARKETING ORDERS – Federal Milk Marketing Orders (FMMO) are authorized by the Agricultural Marketing Agreement Act of 1937. 

Under this law, the Secretary of Agriculture may establish Federal Orders that apply to buyers (handlers) of milk. Basically, a milk order is a legal document 

issued to regulate the minimum prices paid to dairy farmers by handlers of Grade A milk in a specified marketing area. Milk under the Federal Milk Marketing 

Order system is separated into four separate classes: 

CLASS I - Milk used for beverages including eggnog and ultra-high temperature (UHT) milk. 

CLASS II - Milk used for soft products. This includes cottage cheese, ricotta cheese, pot cheese, Creole cheese, milk shake and ice milk mixes, 

frozen desserts, aerated cream, frozen cream, sour cream, half and half, yogurt, custards, puddings, pancake mixes, batter, buttermilk biscuit mixes, 

infant or dietary formulas packaged in hermetically sealed containers, candy, soup and bakery products for general distribution to the public 

including sweetened condensed milk used for manufacture of aforesaid products, and fluid cream or any product containing artificial fat or the fat 

substitutes that resemble fluid cream. 

CLASS III - Milk used in the manufacture of cream cheese and other spreadable cheeses, and hard cheese of types that may be shredded, grated, or 

crumbled. It also includes plastic cream, anhydrous milkfat, and butteroil. 

CLASS IV - Milk used to produce butter, any milk product in dry form and evaporated or sweetened condensed milk in a consumer-type package. 

FDA - Food and Drug Administration: An agency of the U.S. Department of Health and Human Services. 

14
FLUID GRADE MILK (GRADE A) - Milk eligible for sale for use in fluid milk products. This milk must be produced under strict sanitary conditions which 

meet U.S. Public Health Service standards. Fluid grade milk may be used to make manufactured dairy products. 

F.O.B. - Free on Board: Seller places product sold in a railcar, truck, or other form of transportation. The buyer then assumes transportation costs. 

FSA - Farm Service Agency: An agency of the U.S. Department of Agriculture. This agency's responsibilities include administering the dairy and other farm 

commodity price support programs. 

FUTURES TERMS - several common terms used by traders in futures markets. 

CFTC - The Commodity Futures Trading Commission as created by the Commodity Futures Trading Commission Act of 1974. This government 

agency currently regulates the nation’s commodity futures industry. 

CME Group – A derivatives marketplace. 

CONTRACT - Unit of trading for a commodity future. Also, actual bilateral agreement between the parties (buyer and seller) of a futures or option 

on futures transaction as defined by an exchange. 

CONTRACT MONTH - The month in which futures contracts may be satisfied by making or accepting delivery. 

DELIVERY - The tender and receipt of an actual commodity or cash in settlement of a futures contract. 

LONG - An investor expecting a futures price to increase may decide to go long or buy a futures contract. 

SHORT - An investor expecting a futures price to decline may go short or sell a futures contract. 

OPEN INTEREST - Total number of futures or options on futures contracts that have not yet been offset or fulfilled by delivery. An indicator of the 

depth or liquidity of a market (the ability to buy or sell at or near a given price) and of the use of a market for risk and/or asset-management. 

SETTLEMENT PRICE - A figure determined by the closing range that is used to calculate gains and losses in futures market accounts. Settlement 

prices are used to determine gains, losses, margin calls, and invoice prices for deliveries. 

VOLUME - The number of transactions in a futures or options on futures contract made during a specified period of time. 

INTERMODAL CONTAINER – standardized bulk shipping container designed to fit truck/rail/ship conveyances 

LTL - Less than truckload quantity. Prices on LTL trades are not reportable prices for DMN. 

MAILBOX PRICES - Net pay prices received by dairy farmers for milk. Prices reflect all payments received 

for milk sold and all costs associated with marketing the milk. 

MANUFACTURING GRADE MILK (GRADE B) - Milk eligible for sale for which use is limited to manufactured dairy products. This milk must be 

produced under conditions which meet state and local standards, but these standards are less stringent than those for fluid grade milk (Grade A). 

MARKET - A term with several meanings: 

A. A geographic location where a commodity is traded.

B. The price, or price level, at which a commodity is traded. 

C. To sell a commodity. 

MARKET ACTIVITY - The rate at which sales are being made. Often stated as: active, moderate, slow, or inactive. 

MARKET CHANNELS: 

BROKER/TRADER - A middleman activity involved in facilitating sales between producers and other levels in the marketing chain. Typically 

does not take title to product. 

FOOD SERVICE - A marketing channel which includes purchases of dairy products by hotels, restaurants, fast food outlets, schools, and 

institutions. 

INDUSTRIAL - A marketing channel which includes dairy products purchased as an ingredient in the production of food and nonfood products. 

RETAIL - A marketing channel which sells dairy products directly to the consumer for personal or household consumption. 

WHOLESALE - A middle link in the food distribution chain. Wholesalers assemble relatively large quantities of product and resell in smaller lots 

to various users such as the food service trade, small retail food stores, and jobbers. Major functions may include assembling, grading, warehousing, 

order taking, cutting, wrapping, printing, and delivery. Customer services such as merchandising aids and credit also may be provided. 

MERCOSUR - An economic and commercial bloc of countries in South America composed of Argentina, Brazil, Paraguay, and Uruguay. Chile, Bolivia, 

Colombia, Ecuador, and Peru are associate countries. 

15
METRIC CONVERSIONS: 

KG / KILOGRAM = 2.2046 pounds 

MT / METRIC TON = 2,204.6 pounds 

MICRO-FIXING – A manufacturing procedure to convert cold storage bulk butter into print butter. 

MPC – Milk protein concentrate. 

MOSTLY - The majority of sales within a reported price range. Transaction driven, not volume weighted. 

NA - Not available, not applicable. 

NASS - National Agricultural Statistics Service: An agency of the U.S. Department of Agriculture. This agency's responsibilities include providing official 

USDA data and estimates of agricultural prices, dairy products, milk production, cold storage, and other items. 

NC - No change. 

NDM – Nonfat Dry Milk – See USDA standards. https://www.ams.usda.gov/grades-standards/dairy-products

NDPSR – National Dairy Products Sales Report. https://www.ams.usda.gov/mnreports/dywdairyproductssales.pdf

NOMINAL PRICES – Prices that reflect buyers’ and sellers’ opinions of current values (bids, offers, grade, and regional differentials, etc.) when there is 

limited trading of a commodity. Ordinarily, published prices are based on three or more separate, actual spot transactions. However, because of the practical 

uses made of pricing information by buyers and sellers, nominal prices are used to indicate where spot trades would occur. If a reporter is unable to gather 

enough information for nominal prices, then prices are reported as too few to report (TFEWR). 

ORGANIC – Organic is a labeling term that indicates that the food or other agricultural product has been produced through USDA approved methods that 

integrate cultural, biological, and mechanical practices that foster cycling of resources, promote ecological balance, and conserve biodiversity. Synthetic 

fertilizers, sewage sludge, irradiation, and genetic engineering may not be used. To be labeled as “organic,” food must be certified as meeting USDA standards. 

PRICE TREND – The direction in which prices are moving in relation to trading in the previous reporting period(s). 

HIGHER – The majority of sales are at prices measurably higher than the previous trading session. 

FIRM – Prices are tending higher, but not measurably so. 

STEADY – Prices are unchanged from the previous trading session. 

WEAK – Prices are tending lower, but not measurably so. 

LOWER – Prices for most sales are measurably lower than the previous trading session. 

PRINT BUTTER - Butter which is packaged in one-pound or smaller pieces. 

PRODUCT PRICE FORMULAS – Used to compute advanced prices as well as class and component prices that set the minimum price paid to milk producers 

in all federal milk orders. The formulas consist of weighted average product prices, make allowances, and yield factors. The product prices are those published 

in the National Dairy Products Sales Report (a mandatory survey conducted by AMS) for butter, NDM, cheese, and dry whey. 

https://www.ams.usda.gov/resources/price-formulas

RAILCAR = approximately 130,000 to 160,000 pounds. 

RESALE PRICES - Transactions that reflect product that has been purchased and resold (can be more than once). Trades can occur above, below, or at spot 

prices depending on current market conditions. These trades are not reported in spot price ranges but may be included in comments. 

SMP – Skim Milk Powder 

1. An international market term often used interchangeably for NDM. 

2. A term used in the United States for a dry product made from a blend of condensed skim and another condensed dairy product(s) generally for 

export sales. This product does not meet USDA standards for NDM. 

SOLIDS-NOT-FAT (SNF) - The solids in milk other than milkfat. Also known as nonfat solids. 

SOUTHERN CONE - The region composed of Argentina, Chile, Uruguay, Paraguay and the Southeastern region of Brazil. 

SPOT PRICES - The first sale, f.o.b. the producing plant, of product that has no regular or committed outlet and is sold on the open market for immediate 

delivery or delivery within a few days. 

SUPPLY/OFFERING - The quantity of a particular item available for current sale. 

HEAVY – When the volume of supplies is above average for the market being reported. 

16
MODERATE – When the volume of supplies is average for the market being reported. 

LIGHT – When the volume of supplies is below average for the market being reported. 

TAMBO - A farm level dairy operation in some Latin American countries. 

TFEWR - Too few to report - insufficient market information to determine a price. 

TL - Truckload = approximately 40,000 - 44,000 pounds. 

UNDERTONE/TONE - Situation or sense of market direction. 

USPHS - United States Public Health Service: An agency of the U.S. Department of Health and Human Services. This agency’s responsibilities include the 

promulgation and administration of federal standards of identity (which define milk and dairy products) and administering the fluid Grade A milk program 

(which covers the sanitary aspects of milk and processing). 

WET SOLIDS - another term for condensed skim. 

17
DAIRY MARKET NEWS 

Working Guidelines 

The Market News Service is authorized by the Agricultural Marketing Act of 1946 and is supported by annual 

congressional appropriations and user fees. The Agricultural Marketing Act described the purpose of Market 

News in part, as follows: "To collect and disseminate marketing information, including adequate outlook 

information on a market-area basis, for the purpose of anticipating and meeting consumer requirements, aiding 

in the maintenance of farm income, and bringing about a balance between production and utilization of 

agricultural products." 

Dairy Market News reporters collect information through voluntary telephone surveys of industry 

contacts. These contacts represent all segments of the dairy trade including: producers, processors, end users, 

buyers, brokers, and others. The diverse contact base allows reporters to cross-evaluate reported data. All 

reported data is strictly confidential. The information from all contacts is analyzed, summarized and then the 

composite information is released to the industry at a specified time. Reporters seek out any contact that is 

willing to talk to them on a regular basis. 

REPORTING GUIDELINES 

These guidelines are based on reporting principles from our Handbook and are compiled from our actual 

daily operating procedures. 

GENERAL IN NATURE 

 Without industry cooperation there would be no market report

 Cooperation is possible because the industry values the information for making marketing decisions

 All information collected is confidential and voluntary

 Reports are a survey of the industry and not all inclusive

 Reporters are unbiased in reporting and strive for consistency

MORE SPECIFIC ISSUES 

 If unable to confirm information with the buyer and seller and it is not representative of the market,

reporters are under no obligation to use it

 If a confirmed trade is unrepresentative of the market, reporters are not obligated to use it

 Uneconomic trading is questioned

 Quality and terms of sale including transportation are always an issue

 Reporting procedures are consistent whether prices are increasing or decreasing

18
CONDITIONS OF SALE 

 Reporters are looking for spot sales in carlot/truckload (CL/TL) quantities

o First sale, FOB plant

o First sale, FOB plant or warehouse, by marketing agent (effective Report 1 2016)

o Resale information is used for comments only

 No audits of sales records are performed

 The mostly price range may be used to more closely define the majority of trades when applicable

 Mostly price ranges are not volume weighted, but are transaction driven

 Nominal prices - When not enough actual transactions are reported on a particular product or specific

grade of product, the reporter may report a nominal price series. Ordinarily, published prices are

based upon actual transactions; however, because of the practical uses made of price information by

buyers and sellers, nominal prices may be published for brief periods. Nominal prices represent

reporters' knowledge and best judgment as to value - - considerations being given to:

o Expressed opinions of buyers and sellers as to current value

o Usual price differentials between other grades or levels of trading

o The general tone of the market, available supplies, etc.

o Other factors which may have an influence on the price

No price shall be reported on a particular product or specific grade of product when under the abovementioned conditions, no fair price can be arrived at in the mind of the reporter. 

CONTRACTS 

 The general definition is that reporters use spot sales

 Some contract sales qualify to be included if they meet certain criteria:

o include a new contract sale the week it is established

o if the volume is negotiated each week with none as a possibility

o prices may be based on an index, but sales must be representative of current market conditions

 Contract sales are included for lactose and casein markets per industry practice and this is explicitly

stated in the price line for these reports

ADDITIONAL 

The industry is consulted when additional products to report are considered. Any changes or modifications 

to reports are noticed to the industry prior to implementation after comprehensive consideration to establish 

that changes are market neutral. 

USDA/AMS/DAIRY MARKET NEWS, 4600 American Parkway, STE 106, Madison, WI 53718 

http://www.ams.usda.gov/market-news/dairy

Issued 2/2007; reissued 12/2015 

19
(12/2019) Table by AMS, Dairy Market News, summarized from information found at https://mpr.datamart.ams.usda.gov/

*Updated to reflect discontinuation of DEIP and clarify disallowance of new premium assisted programs that may be offered.

NATIONAL DAIRY PRODUCTS SALES REPORTS

Federal statute (7 USC 1637b) requires USDA to collect and release dairy product sales information for butter, cheddar 

cheese, dry whey, and nonfat dry milk, no later than 3 p.m. ET on Wednesday of each week (unless affected by a Federal 

Holiday). The regulations for the Dairy Product Mandatory Reporting Program can be found in 7 CFR 1170. The data in the 

National Dairy Products Sales Report (NDPSR) are also used in the price calculations for the Federal Milk Marketing Orders 

(7 CFR 1000.53).

Current Release and Archives: https://usda.library.cornell.edu/concern/publications/zs25x847n?locale=en

DataMart database: https://mpr.datamart.ams.usda.gov/menu.do?path=Products\Dairy\All%20Dairy 

CRITERIA USED BY NATIONAL WEEKLY NONFAT DRY MILK SALES SURVEYS 

NATIONAL DAIRY PRODUCTS SALES REPORT (AMS) SURVEY (Valid beginning April 1, 2012)

NDM Varieties 

Included

Manufacturer 

Exemptions

Minimum

Transaction 

Size 

Sales Time Frame Include Grade Packaging Exclude

• NonFortified

Processes and 

markets less than 

1 million pounds 

of NDM per 

calendar year

None Sunday -- Saturday 

(Published electronically 

on Wednesdays, no later 

than 3:00 pm ET, with 

data for previous week. 

If a federal holiday falls 

on Monday, Tuesday, or 

Wednesday in any given 

week, then published 

electronically on 

Thursdays, no later than 

3:00 pm ET)

• NDM prepared using low or medium

heat process

• Complete transactions (product 

shipped out and title transfers)

• Brokerage fees paid by the 

manufacturer

• Clearing charges paid by the 

manufacturer

• Prices as F.O.B. plant or F.O.B. storage 

facility

• USDA Extra 

Grade 

• USPH Grade 

A 

• 25 kg bag

• 50 lb bag

• Tote

• Tanker

• Forward pricing sales in which the 

selling price is established(and not 

adjusted) 30 or more days before 

the transaction is completed

• Intra-company sales on NDM

• Resales of purchased NDM

• NDM certified as organic by a 

USDA-accredited certifying agent

• Sales of NDM produced under faithbased close supervision and 

marketed at a higher price than the 

manufacturer’s wholesale market 

price for the basic commodity

• Premium assisted sales*

• Sales of NDM more than 180 days 

old

• Instant NDM

• Skim milk powder

• High heat NDM

20
WISCONSIN

PROCESS AMERICAN 5 POUND LOAF 1.7983 1.7026 1.7337 1.8881 2.0081 1.8531 1.7665 1.6782 1.7511 2.0293 1.8791 1.8902 1.8315

BRICK AND/OR MUENSTER 5 POUNDS 2.3280 2.1549 2.2896 2.3598 2.3225 2.0819 2.1909 2.2768 2.3338 2.3645 2.3129 2.4536 2.2891

CHEDDAR 40 POUND BLOCK 2.0380 1.8649 1.9996 2.0698 2.0325 1.7919 1.9009 1.9868 2.0438 2.0745 2.0229 2.1636 1.9991

MONTEREY JACK 10 POUNDS 2.1930 2.0199 2.1546 2.2248 2.1875 1.9469 2.0559 2.1418 2.1988 2.2295 2.1779 2.3186 2.1541

BLUE 5 POUNDS 2.9180 2.7458 2.8808 2.9510 2.9138 2.6732 2.7822 2.8681 2.9251 2.9558 2.9041 3.0448 2.8802

MOZZARELLA 5-6 POUNDS 2.3880 2.2149 2.3496 2.4198 2.3825 2.1419 2.2509 2.3368 2.3938 2.4245 2.3729 2.5136 2.3491

SWISS 6-9 POUND CUTS 3.4463 3.5881 2.9755 2.8231 2.8019 2.8306 2.9956 3.1252 2.9873 2.8828 2.8338 2.8753 3.0138

NORTHEAST

CHEDDAR 40 POUND BLOCK 2.3443 2.1711 2.3058 2.3760 2.3388 2.0982 2.2072 2.2931 2.3501 2.3808 2.3291 2.4698 2.3054

PROCESS AMERICAN 5 POUND SLICED 1.8733 1.7776 1.8087 1.9631 2.0831 1.9281 1.8415 1.7532 1.8261 2.1043 1.9541 1.9652 1.9065

MUENSTER 2.3630 2.1899 2.3246 2.3948 2.3575 2.1169 2.2259 2.3118 2.3688 2.3995 2.3479 2.4886 2.3241

SWISS 10-14 POUND CUTS 4.0338 4.1756 3.5630 3.4106 3.3894 3.4181 4.4922 4.7127 4.5748 4.4703 4.4213 4.4628 4.0937

WEST

PROCESS AMERICAN 5 POUND LOAF 1.7633 1.6676 1.6987 1.8531 1.9731 1.8181 1.7315 1.6432 1.7161 1.9943 1.8441 1.8552 1.7965

CHEDDAR 40 POUND BLOCK 2.0730 1.8999 2.0346 2.1048 2.0675 1.8269 1.9359 2.0218 2.0788 2.1095 2.0579 2.1986 2.0341

CHEDDAR 10 POUND CUTS 2.1755 2.0024 2.1371 2.2073 2.1700 1.9294 2.0384 2.1243 2.1813 2.2120 2.1604 2.3011 2.1366

MONTEREY JACK 10 POUNDS 2.2005 2.0274 2.1621 2.2323 2.1950 1.9541 2.0632 2.1493 2.2063 2.2370 2.1854 2.3261 2.1616

SWISS 6-9 POUND CUTS 3.8950 4.0368 3.4242 3.2718 3.2506 3.2793 3.4443 3.5740 3.4361 3.3315 3.2825 3.3240 3.4625

 CHEESE

DAIRY MARKET NEWS 2

CLASS II CREAM

NORTHEASTERN - F.O.B. 1.5974 1.5804 2.0956 2.4343 2.4388 2.3914 2.2454 2.2163 2.4290 2.4458 2.7692 2.7937 2.2864

MIDWESTERN - F.O.B. 1.6620 1.6328 2.0759 2.3695 2.4217 2.3705 2.2554 2.2193 2.3985 2.4019 2.8021 2.7836 2.2828

CONDENSED SKIM - NORTHEASTERN - F.O.B.

CLASS II 0.5263 0.5000 0.5663 0.9420 0.9750 0.8761 0.9045 0.9795 1.0393 1.0888 1.1598 1.5350 0.9244

CLASS III 0.6447 0.6250 0.6848 1.0057 1.0250 0.9114 0.9182 0.9466 1.0393 1.0738 1.1500 1.3576 0.9485

FLUID PRODUCTS

AREA and PRODUCT : JAN : FEB : MAR : APR : MAY : JUN : JUL : AUG : SEP : OCT : NOV : DEC : AVG

CME GROUP 1

BUTTER - DAILY TRADING

GRADE AA 1.3496 1.3859 1.7153 1.8267 1.8124 1.7758 1.6912 1.6815 1.7756 1.8002 1.9714 2.1536 1.7449

CHEESE - DAILY TRADING

BARRELS 1.5141 1.4442 1.4811 1.7119 1.6923 1.5639 1.4774 1.4158 1.5319 1.8008 1.5375 1.6548 1.5688

40 POUND BLOCKS 1.7470 1.5821 1.7362 1.7945 1.6778 1.4978 1.6370 1.7217 1.7601 1.7798 1.7408 1.8930 1.7140

NONFAT DRY MILK - DAILY TRADING

GRADE A 1.1808 1.1137 1.1676 1.2368 1.3111 1.2757 1.2485 1.2673 1.3527 1.4949 1.5570 1.6290 1.3196

DRY WHEY - DAILY TRADING

EXTRA GRADE 0.5128 0.5426 0.6027 0.6605 0.6395 0.5976 0.5263 0.5160 0.5376 0.6040 0.6749 0.7205 0.5946

1 Monthly averages are a simple average of all the closes during the month.

2 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.

2021 U.S. MONTHLY PRICE AVERAGES (US $/LB)

21
AREA and PRODUCT : JAN : FEB : MAR : APR : MAY : JUN : JUL : AUG : SEP : OCT : NOV : DEC : AVG

DAIRY MARKET NEWS, CONTINUED 2

 DRY PRODUCTS

NONFAT DRY MILK

EASTERN AND CENTRAL - LOW/MEDIUM HEAT 1.1674 1.1145 1.1680 1.2056 1.3163 1.2873 1.2513 1.2514 1.3454 1.4718 1.5605 1.6041 1.3120

 --MOSTLY 1.1674 1.1359 1.1568 1.2082 1.3200 1.3006 1.2465 1.2478 1.3429 1.4615 1.5358 1.5883 1.3093

EASTERN AND CENTRAL - HIGH HEAT 1.2650 1.2326 1.3093 1.3277 1.4431 1.4295 1.3516 1.3805 1.4857 1.5831 1.7125 1.7609 1.4401

WESTERN - LOW/MEDIUM HEAT 1.1701 1.1189 1.1564 1.2067 1.3197 1.2877 1.2506 1.2599 1.3413 1.4583 1.5499 1.5927 1.3094

 --MOSTLY 1.1632 1.1389 1.1572 1.2010 1.3206 1.2869 1.2395 1.2523 1.3273 1.4513 1.5580 1.5935 1.3075

WESTERN - HIGH HEAT 1.2891 1.2900 1.3262 1.3496 1.4894 1.4426 1.4047 1.3991 1.4801 1.5942 1.6867 1.7254 1.4564

DRY WHEY

CENTRAL 0.4788 0.5167 0.5782 0.6200 0.6275 0.6047 0.5559 0.4995 0.4955 0.5285 0.5746 0.6646 0.5620

 --MOSTLY 0.4798 0.5128 0.5827 0.6209 0.6438 0.6144 0.5501 0.5015 0.5036 0.5666 0.6240 0.6662 0.5722

WESTERN 0.4871 0.5222 0.5714 0.6407 0.6431 0.6346 0.5858 0.5515 0.5381 0.5666 0.6178 0.6795 0.5865

 --MOSTLY 0.4816 0.5199 0.5755 0.6341 0.6447 0.6261 0.5879 0.5542 0.5442 0.5655 0.6133 0.6871 0.5862

NORTHEASTERN - EXTRA AND GRADE A 0.4680 0.5160 0.5640 0.6228 0.6356 0.6193 0.5835 0.5544 0.5320 0.5513 0.6134 0.6484 0.5757

WHEY PROTEIN CONCENTRATE 34%

CENTRAL AND WESTERN 1.0046 1.0593 1.0905 1.1525 1.1750 1.1934 1.1918 1.1852 1.1729 1.2016 1.2559 1.3503 1.1694

 --MOSTLY 0.9693 1.0134 1.0487 1.0977 1.1328 1.1513 1.1551 1.1548 1.1450 1.1540 1.2149 1.3174 1.1295

ANIMAL FEED

CENTRAL - MILK REPLACER 0.3784 0.3913 0.4752 0.5469 0.5613 0.5255 0.4719 0.4168 0.4024 0.4643 0.4853 0.5100 0.4691

DRY BUTTERMILK

EASTERN AND CENTRAL 1.0697 1.0768 1.1113 1.1348 1.2056 1.2473 1.2503 1.2379 1.2636 1.2938 1.3695 1.4457 1.2255

WESTERN 1.0600 1.0874 1.0622 1.1145 1.2013 1.2234 1.2149 1.2213 1.2624 1.2896 1.3531 1.4161 1.2089

 --MOSTLY 1.0589 1.0787 1.0889 1.1195 1.1963 1.2236 1.2155 1.2167 1.2535 1.2939 1.3470 1.4063 1.2082

DRY WHOLE MILK

NATIONAL 1.5724 1.6447 1.6883 1.7350 1.7797 1.8056 1.8136 1.8225 1.8550 1.8963 1.8700 1.8700 1.7794

LACTOSE

CENTRAL AND WESTERN 0.4300 0.4313 0.4435 0.4852 0.4663 0.4664 0.4682 0.4591 0.4500 0.4405 0.4370 0.4300 0.4506

--MOSTLY 0.4089 0.4145 0.4309 0.4495 0.4500 0.4518 0.4584 0.4534 0.4414 0.4245 0.4129 0.4050 0.4334

CASEIN

RENNET 3.5163 3.6486 3.6935 3.7227 3.7963 4.5402 4.8143 4.8341 4.7893 4.8000 4.8270 4.8689 4.3209

ACID 3.6449 3.8533 4.1902 4.2386 4.3350 4.6277 4.7014 4.7773 4.8974 4.9938 5.2860 5.3537 4.5749

2 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.

2021 U.S. MONTHLY PRICE AVERAGES (US $/LB)

22
AREA and PRODUCT : JAN : FEB : MAR : APR : MAY : JUN : JUL : AUG : SEP : OCT : NOV : DEC : AVG

DAIRY MARKET NEWS 3

BUTTER (82% BUTTERFAT)

 -- OCEANIA 4720 5138 5679 5753 5088 4673 4507 4682 4855 4982 5639 5829 5129

 -- WESTERN EUROPE 4130 4381 4796 4875 5039 5073 4677 4692 4876 5527 6080 6332 5040

BUTTEROIL (99% BUTTERFAT)

 -- WESTERN EUROPE 4861 4997 5301 5549 5739 5856 5845 5624 5851 6071 6623 6997 5776

CHEDDAR CHEESE (39% MAXIMUM MOISTURE)

 -- OCEANIA 4090 4269 4386 4428 4410 4354 4175 4160 4288 4395 5033 5254 4437

SKIM MILK POWDER (1.25% BUTTERFAT) 

 -- OCEANIA 3215 3238 3388 3418 3507 3464 3174 3063 3216 3378 3603 3733 3366

 -- SOUTH AMERICA 3217 3297 3311 3334 3336 3239 3037 2936 2947 2974 3150 3150 3161

 -- WESTERN EUROPE 2786 2888 2950 3058 3166 3163 2985 2960 3081 3183 3495 3760 3123

WHEY POWDER (NONHYGROSCOPIC)

 -- WESTERN EUROPE 1052 1141 1213 1266 1320 1312 1218 1198 1218 1231 1267 1323 1230

WHOLE MILK POWDER (26% BUTTERFAT)

 -- OCEANIA 3357 3653 4097 4086 4146 4053 3875 3644 3690 3811 3949 3938 3858

 -- SOUTH AMERICA 3414 3591 3770 3874 3900 3820 3605 3453 3440 3468 3600 3600 3628

 -- WESTERN EUROPE 3432 3572 3782 3882 3951 3926 3780 3745 3873 4115 4460 4685 3934

3 Monthly averages are based on weekly prices and are time-weighted according to the number of workdays in the month - Saturdays, Sundays excluded.

2021 INTERNATIONAL MONTHLY PRICE AVERAGES (US $/MT)

23
WEEK NE SE MW SC SW NW HA AL U.S.

1 4.54 4.49 n.a. 3.17 3.67 2.99 n.a. n.a. 4.03

2 3.99 3.77 3.99 3.29 n.a. n.a. n.a. n.a. 3.91

3 3.86 4.00 n.a. 3.29 3.49 2.89 n.a. 3.49 3.65

4 4.52 4.37 n.a. 4.09 3.59 5.15 6.79 n.a. 4.37

5 5.18 3.50 4.49 3.99 n.a. 3.29 n.a. n.a. 3.94

6 4.31 3.19 3.75 n.a. 4.30 3.41 n.a. n.a. 3.80

7 4.24 3.13 3.23 3.29 3.99 3.29 n.a. n.a. 3.59

8 4.36 3.32 3.09 3.36 3.36 3.32 3.49 3.49 3.47

9 4.45 3.62 3.58 4.49 3.87 n.a. 5.00 4.99 4.01

10 4.67 2.49 2.71 4.03 3.42 2.99 n.a. 2.69 3.85

11 4.75 2.49 2.49 2.98 2.49 n.a. n.a. 2.69 3.15

12 4.57 3.75 n.a. n.a. 3.49 n.a. n.a. n.a. 3.86

13 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.

14 4.25 3.50 4.72 4.99 3.64 n.a. n.a. n.a. 4.19

15 4.47 3.69 4.28 n.a. 3.24 n.a. n.a. 3.50 4.14

16 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.

17 4.35 3.99 4.72 n.a. 3.31 n.a. n.a. n.a. 4.10

18 4.18 3.59 4.06 3.81 2.99 n.a. n.a. 3.49 3.82

19 4.31 4.49 4.28 n.a. 3.64 2.99 n.a. n.a. 4.16

20 4.28 n.a. 4.79 n.a. 4.29 2.99 n.a. n.a. 4.36

21 4.39 4.99 4.86 3.36 4.60 n.a. n.a. 5.49 4.52

22 4.26 3.62 3.86 3.99 4.34 3.57 n.a. n.a. 3.80

23 3.80 3.58 4.72 n.a. n.a. 3.59 n.a. n.a. 3.79

24 4.15 3.73 3.56 4.49 3.67 3.66 n.a. n.a. 3.78

25 4.65 3.25 4.72 3.99 3.99 2.49 n.a. n.a. 4.14

26 4.63 4.66 4.53 n.a. 4.91 n.a. n.a. 5.49 4.63

27 4.06 3.80 4.63 n.a. 4.85 2.99 n.a. 4.99 4.20

28 4.52 3.67 2.99 2.99 2.99 2.99 n.a. 3.29 3.82

29 4.22 3.58 3.71 n.a. 3.99 3.99 n.a. n.a. 3.88

30 4.35 3.99 4.49 3.82 4.21 3.99 n.a. n.a. 4.16

31 4.19 3.50 3.85 3.10 4.21 2.99 n.a. n.a. 3.85

32 3.97 3.50 4.37 4.06 n.a. 2.99 n.a. n.a. 3.98

33 4.22 4.14 4.55 3.29 3.99 n.a. n.a. n.a. 4.23

34 4.43 3.64 3.85 3.99 2.99 3.91 n.a. n.a. 3.79

35 4.33 4.32 4.74 3.99 3.80 n.a. n.a. n.a. 4.22

36 4.48 3.81 4.55 3.99 3.73 3.95 n.a. n.a. 4.17

37 5.11 4.35 4.65 n.a. 3.99 4.09 n.a. n.a. 4.57

38 4.29 4.28 4.07 3.09 3.86 3.75 n.a. 3.50 3.96

39 4.37 4.33 4.81 4.16 4.49 3.56 4.99 n.a. 4.35

40 4.30 3.78 4.43 3.00 3.65 2.98 n.a. 2.99 3.90

41 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.

42 4.78 3.75 4.39 n.a. 3.98 3.29 4.99 n.a. 4.15

43 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.

44 4.19 4.99 4.99 3.91 n.a. 3.75 n.a. n.a. 4.32

45 4.43 4.22 3.50 2.99 3.32 1.97 n.a. 2.47 3.70

46 4.39 4.25 4.99 3.99 4.40 n.a. n.a. n.a. 4.42

47 3.87 4.99 4.99 3.99 4.84 4.31 n.a. n.a. 4.57

48 4.39 4.25 4.48 2.99 4.17 4.46 n.a. n.a. 4.24

49 4.24 4.99 4.99 n.a. 3.65 4.46 7.72 n.a. 4.42

50 4.23 4.99 4.99 n.a. 4.14 4.27 6.49 n.a. 4.35

51 3.99 4.03 4.99 n.a. 4.71 n.a. 5.99 n.a. 4.59

52 4.49 4.71 2.99 n.a. 3.19 n.a. n.a. n.a. 3.69

Annual 

Averages 4.35 3.94 4.21 3.69 3.85 3.49 5.68 3.75 4.05

 2021 U.S. Organic Half Gallon Milk

Weekly Weighted Average Advertised Prices, U.S. Dollars

National and Regional 

24
Week Conventional Organic Spread

1 1.99 4.03 2.04

2 1.54 3.91 2.37

3 2.63 3.65 1.02

4 2.71 4.37 1.66

5 2.08 3.94 1.86

6 1.40 3.80 2.40

7 2.64 3.59 0.95

8 n.a. 3.47 n.a.

9 1.60 4.01 2.41

10 2.50 3.85 1.35

11 1.11 3.15 2.04

12 1.55 3.86 2.31

13 n.a. n.a. n.a.

14 1.25 4.19 2.94

15 2.59 4.14 1.55

16 n.a. n.a. n.a.

17 2.19 4.10 1.91

18 2.73 3.82 1.09

19 1.38 4.16 2.78

20 2.31 4.36 2.05

21 2.05 4.52 2.47

22 1.38 3.80 2.42

23 1.99 3.79 1.80

24 1.99 3.78 1.79

25 0.99 4.14 3.15

26 2.65 4.63 1.98

27 0.96 4.20 3.24

28 2.47 3.82 1.35

29 1.61 3.88 2.27

30 n.a. 4.16 n.a.

31 1.56 3.85 2.29

32 2.51 3.98 1.47

33 1.91 4.23 2.32

34 1.82 3.79 1.97

35 2.24 4.22 1.98

36 2.64 4.17 1.53

37 2.42 4.57 2.15

38 1.15 3.96 2.81

39 3.04 4.35 1.31

40 2.18 3.90 1.72

41 n.a. n.a. n.a.

42 1.58 4.15 2.57

43 n.a. n.a. n.a.

44 2.43 4.32 1.89

45 2.00 3.70 1.70

46 1.79 4.42 2.63

47 1.76 4.57 2.81

48 1.78 4.24 2.46

49 2.09 4.42 2.33

50 1.99 4.35 2.36

51 1.84 4.59 2.75

52 4.63 3.69 0.94

Annual

Averages 2.04 4.05 2.07

 2021 U.S. Half Gallon Milk

 Weekly Weighted Average Advertised Prices, U.S. Dollars

 Conventional and Organic

25