United States 

Department of 

Agriculture 

Agricultural 

Marketing 

Service 

Dairy 

Market Statistics 

2022 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 2022. Similar data have been published for the period 1940 through 2021. 

Issued April 2023 

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 2022 3 

MARKET NEWS FIELD OFFICE 4 

I. STORAGE 

Holdings of dairy products in selected storage centers, by weeks, 2022 5 

II. DAIRY RELATED INFORMATION 

International Dairy Market News 2022 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 

2022 January – December Monthly and Annual Average 21-23 

III. ORGANIC REPORTS 

2022 U.S. Organic Half Gallon Milk Weekly Weighted Average 

Advertised Prices National and Regional 24 

2022 U.S. Half Gallon Milk Weekly Weighted Average Advertised Prices 

Conventional and Organic 25 
 

 

 

 

 

SUMMARY OF DAIRY MARKET NEWS OPERATIONS DURING 2022 

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, marketing, 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 a 

domestic 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. International monthly averages are based on weekly prices and 

are time-weighted according to the number of workdays in the month – Saturdays and Sundays excluded. 

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 

The USDA Market News Mobile App is available through most mobile phone app stores and allows the user to 

customize the commodity areas and market types they wish to see. All DMN reports that are available online are also 

available through the mobile app. 

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/dairy-contacts 

Dairy Market News Contacts as of January 2023 

GENERAL NUMBER ORGANIC/ OCEANIA 

(608) 422-8587 Daniel Johnson 

(608) 422-8605 Elizabeth Frederick Daniel.Johnson4@USDA.GOV (608) 422-8591 

Elizabeth.Frederick@USDA.GOV 

CENTRAL U.S./SOUTH AMERICA 

Israel Weber 

LACTOSE & WPC U.S./EUROPE (608) 422-8601 Mike Bandli Israel.Weber@USDA.GOV (608) 422-8592 

Mike.Bandli@USDA.GOV 

DIRECTOR, MARKET NEWS

 Janet Linder

 WEST U.S. (608) 422-8588 Roman Caraman Janet.Linder@USDA.GOV (608) 422-8593 

Roman.Caraman@USDA.GOV

 WEST U.S. 

Andrew Mattheis 

(608) 422-8590 

Andrew.Mattheis@USDA.GOV

 EAST U.S. 

Isabel McNeill 

(608) 422-8594 

Isabel.McNeill@USDA.GOV 

4
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Table 3 -- Storage: Holdings of dairy products in selected storage centers, by weeks, 2022 1/ 

(Includes Government stocks) 

Week : : American :: Week : : American 

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

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

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

JAN 03 : 32,878 82,899 :: JUL 04 : 62,604 86,488 

10 : 36,368 82,518 :: 11 : 65,228 84,993 

17 : 37,051 92,115 :: 18 : 60,752 83,893 

24 : 38,791 91,898 :: 25 : 58,902 82,187 

JAN 31 : 38,663 91,028 :: AUG 01 : 56,430 79,431 

FEB 07 : 39,192 91,767 :: 08 : 55,646 79,758 

14 : 38,777 91,974 :: 15 : 39,734 79,767 

21 : 37,850 89,915 :: 22 : 55,350 78,226 

28 : 40,548 89,384 :: 29 : 52,559 78,168 

MAR07 : 43,202 89,786 :: SEP 05 : 50,889 78,073 

14 : 46,448 89,730 :: 12 : 46,924 77,021 

21 : 46,394 87,881 :: 19 : 44,099 75,029 

28 : 44,799 86,812 :: 26 : 45,159 77,025 

APR 04 : 43,927 86,519 :: OCT 03 : 43,035 77,418 

11 : 51,424 87,403 :: 10 : 44,468 81,381 

18 : 53,118 88,417 :: 17 : 44,669 80,264 

25 : 54,755 87,554 :: 24 : 43,284 80,986 

MAY 02 : 59,587 87,201 :: 31 : 43,097 81,609 

09 : 60,440 84,629 :: NOV 07 : 31,704 79,985 

16 : 63,869 85,747 :: 14 : 33,710 77,627 

23 : 64,014 85,653 :: 21 : 28,026 76,777 

30 : 64,077 84,756 :: 28 : 29,504 78,423 

JUN 06 : 63,358 83,688 :: DEC 05 : 31,381 86,299 

13 : 58,639 82,750 :: 12 : 33,864 80,376 

20 : 63,073 84,965 :: 19 : 33,741 81,705 

27 : 61,294 84,964 :: 26 : 35,688 83,474 

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

1/ Holdings as of mornings of given dates. 

5
INTERNATIONAL DAIRY MARKET NEWS 

2022 WESTERN EUROPE EXPORT PRICES 

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

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

1 6425 - 6925 3750 - 3900 4675 - 4925 6375 - 7925 1250 - 1425 

3 6500 - 6950 3875 - 4050 4800 - 5025 6400 - 8625 1325 - 1500 

5 6500 - 7150 3925 - 4150 4975 - 5300 6500 - 8800 1400 - 1525 

7 6650 - 7275 4100 - 4325 5150 - 5525 6500 - 8850 1475 - 1625 

9 6675 - 7200 4100 - 4325 5275 - 5500 6675 - 8650 1500 - 1675 

11 6675 - 7375 4250 - 4475 5325 - 5550 6675 - 8425 1500 - 1700 

13 7075 - 7875 4400 - 4700 5575 - 5925 6800 - 9050 1550 - 1775 

15 7575 - 8075 4500 - 4775 5650 - 5975 6700 - 9825 1575 - 1850 

17 7450 - 8000 4300 - 4775 5525 - 5975 6550 - 10650 1475 - 1800 

19 7425 - 7775 4150 - 4650 5450 - 5775 6725 - 10600 1375 - 1750 

21 7250 - 7925 3950 - 4650 5450 - 5850 7200 - 10125 1325 - 1725 

23 7575 - 8375 4100 - 4650 5450 - 5925 7225 - 10350 1325 - 1725 

25 7375 - 8350 4075 - 4575 5325 - 5800 7300 - 10325 1175 - 1700 

27 7175 - 8325 3850 - 4525 5200 - 5725 7350 - 10100 1000 - 1600 

29 6775 - 7875 3650 - 4300 4775 - 5475 7650 - 9600 875 - 1425 

31 6900 - 7850 3700 - 4175 4625 - 5400 7875 - 9450 900 - 1450 

33 6950 - 7975 3550 - 4100 4600 - 5400 7750 - 9550 900 - 1450 

35 6850 - 7750 3525 - 4050 4675 - 5250 8750 - 9425 900 - 1375 

37 6900 - 7775 3575 - 4000 4625 - 5150 8800 - 9200 925 - 1400 

39 6675 - 7775 3475 - 3925 4475 - 5125 8725 - 9100 900 - 1325 

41 6650 - 7550 3400 - 3825 4525 - 5125 8600 - 8950 875 - 1300 

43 6400 - 7125 3300 - 3625 4550 - 5000 8450 - 8850 850 - 1325 

45 5925 - 7175 3000 - 3550 4300 - 4875 8325 - 9100 875 - 1275 

47 5925 - 7175 2950 - 3475 4300 - 4875 7975 - 9100 900 - 1275 

49 5725 - 7050 2900 - 3425 4300 - 4775 7825 - 9175 900 - 1150 

51 5400 - 7050 2875 - 3400 4275 - 4525 7625 - 9175 875 - 1125 

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

6
INTERNATIONAL DAIRY MARKET NEWS 

2022 OCEANIA EXPORT PRICES 

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

REPORT BUTTER SKIM MILK POWDER WHOLE MILK POWDER CHEDDAR CHEESE 

1 5850 - 5950 3750 - 3800 3850 - 3875 5450 - 5575 

3 5850 - 6200 3900 - 4000 4000 - 4100 5500 - 5750 

5 6150 - 6400 3950 - 4100 4100 - 4325 5400 - 5725 

7 6375 - 6725 4050 - 4400 4350 - 4550 5500 - 5925 

9 6500 - 7150 4300 - 4650 4450 - 4775 5650 - 6650 

11 6950 - 7000 4550 - 4625 4550 - 4725 6000 - 6350 

13 6950 - 7000 4550 - 4625 4550 - 4725 6000 - 6350 

15 6825 - 7000 4575 - 4650 4300 - 4550 6150 - 6550 

17 6600 - 6950 4400 - 4500 4000 - 4325 6150 - 6275 

19 5775 - 6650 4125 - 4475 3675 - 4000 5775 - 6250 

21 5775 - 6600 3925 - 4125 3675 - 4025 5625 - 6200 

23 5750 - 6125 4125 - 4325 3850 - 4175 5175 - 5800 

25 6075 - 6300 4250 - 4375 4075 - 4150 4800 - 5650 

27 5625 - 6225 4100 - 4300 3875 - 4200 4875 - 5600 

29 5525 - 5650 3725 - 4100 3700 - 3975 4800 - 5500 

31 5175 - 5575 3500 - 3750 3475 - 3750 4775 - 5350 

33 5200 - 5300 3500 - 3600 3350 - 3525 4925 - 5200 

35 5200 - 5300 3500 - 3600 3350 - 3400 4925 - 5250 

37 5300 - 5550 3550 - 3600 3500 - 3600 4925 - 5525 

39 5325 - 5375 3525 - 3575 3650 - 3750 5100 - 5350 

41 4950 - 5200 3450 - 3500 3500 - 3625 4800 - 5350 

43 4825 - 4950 3225 - 3300 3350 - 3425 4675 - 5150 

45 4800 - 4950 2950 - 3000 3225 - 3300 4750 - 5150 

47 4775 - 4900 3050 - 3075 3325 - 3400 4700 - 5050 

49 4700 - 4850 3075 - 3175 3350 - 3400 4800 - 5050 

51 4600 - 4775 2975 - 3175 3200 - 3400 4700 - 5275 

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

7
INTERNATIONAL DAIRY MARKET NEWS 

2022 SOUTH AMERICA EXPORT PRICES 

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

REPORT SKIM MILK POWDER WHOLE MILK POWDER 

1 2900 - 3400 3450 - 3750 

3 3250 - 3600 3600 - 3750 

5 3250 - 3650 3650 - 3750 

7 3350 - 3750 3650 - 3850 

9 3850 - 4150 4050 - 4300 

11 3850 - 4225 4275 - 4775 

13 3925 - 4225 4275 - 4975 

15 3925 - 4225 4275 - 4975 

17 3900 - 4350 4200 - 5000 

19 3800 - 4300 4200 - 4800 

21 3800 - 4500 4200 - 5000 

23 3800 - 4500 4200 - 5000 

25 3900 - 4500 4200 - 5000 

27 3900 - 4500 4200 - 5000 

29 3750 - 4500 4200 - 4800 

31 3750 - 4500 4200 - 4800 

33 3750 - 4500 4050 - 4800 

35 3750 - 4500 4050 - 4800 

37 3850 - 4400 4050 - 4800 

39 3700 - 4400 4000 - 4650 

41 3700 - 4400 4000 - 4650 

43 3450 - 4200 3850 - 4400 

45 3400 - 3750 3800 - 4200 

47 3400 - 3750 3800 - 4200 

49 3400 - 3750 3800 - 4200 

51 3375 - 3725 3650 - 4200 

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

8
DAIRY MARKET NEWS (DMN) INFORMATION ACCESS 

BY PHONE: The system is accessible via a touch-tone telephone. By listening to the menu and pressing the appropriaccess to the latest CME Group daily pricing for cheese, nonfat dry milk (NDM), dry whey and butter, weekly domestand biweekly DMN international dairy product prices. Release days and times (Central) are in parenthesis. Holidays mtimes. 

DIAL 608-422-8602 

CME Group Cash Prices 

Cheese 

NDM 

Butter 

Dry Whey 

(Daily-12:15 p.m.) 

DMN Domestic Dry Product 

Prices 

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

PRESS 5 

DMN Int

(TH-Biw

P

BY MOBILE PHONE APP: The free USDA Market News app is available in both IOS and Android versions and the Apple and Google Play stores. Search for “USDA Market News Mobile Application” to download the app and The app allows the user to customize the commodity areas and market types they wish to see. All DMN reports that available through the mobile app. BY DAIRY MARKET NEWS and MY MARKET NEWS WEBSITES: USDA Market News provides unbiased, 

information of hundreds of agricultural commodities and their related products, free-of-charge to everyone. Twww.ams.usda.gov/market-news/dairy) and the My Market News website (https://mymarketnews.ams.usda.gov/

reports. From the websites, users can subscribe to preferred reports free of change, search available reports, and set up Interface (API) tools to pull raw Market News data from the My Market News system. UNITED STATES DEPARTMENT OF AGRICULTURE DAIRY MARKET NEWS 4600 American Parkway, Suite 106 Madison, WI 53718 

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/ 

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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
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, alater than 3 p.m. ET on Wednesday of each week (unless affected by a Federal Holiday). The regulations for the Dairy Product Mandatory Rfound in 7 CFR 1170. The data in the National Dairy Products Sales Report (NDPSR) are also used in the price calculations for the Federal 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 SUR

NATIONAL DAIRY PRODUCTS SALES REPORT (AMS) SURVEY (Valid beginning A

NDM 

Varieties 

Included 

Manufacturer 

Exemptions 

Minimum 

Transaction 

Size 

Sales Time Frame Include Grade Packaging 

 Non- Processes and None Sunday -- Saturday  NDM prepared using low or medium  USDA Extra  25 kg bag  For

Fortified markets less than heat process Grade  50 lb bag sell

1 million pounds (Published electronically  Complete transactions (product shipped  USPH Grade  Tote adjof NDM per on Wednesdays, no later out and title transfers) A  Tanker trancalendar year than 3:00 pm ET, with  Brokerage fees paid by the manufacturer  Intr

data for previous week.  Clearing charges paid by the  Re

If a federal holiday falls manufacturer  NDon Monday, Tuesday, or Wednesday in any given week, then published electronically on Thursdays, no later than 3:00 pm ET) 

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

facility 

US

 Sal

basmamapri

 Pre

 Sal

old 

 Ins

 Ski

 Hig

(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. 

20
2022 U.S. MONTHLY PRICE AVERAGES (US $/LB) 

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

CME GROUP 1

BUTTER - DAILY TRADING 

GRADE AA 2.7203 2.6196 2.7346 2.7169 2.7514 2.9546 2.9506 3.0072 3.1483 3.1792 2.8634 2.6695 2.8596 

CHEESE - DAILY TRADING 

BARRELS 1.8204 1.9038 2.0774 2.3489 2.3567 2.2077 2.0581 1.8741 2.0690 2.1285 1.9454 1.8395 2.0525 

40 POUND BLOCKS 1.9065 1.9379 2.1699 2.3399 2.3293 2.1902 2.0143 1.8104 1.9548 2.0260 2.1186 2.0860 2.0737 

NONFAT DRY MILK - DAILY TRADING 

GRADE A 1.7640 1.8571 1.8549 1.7956 1.7708 1.8286 1.6984 1.5401 1.5598 1.4785 1.4056 1.3512 1.6587 

DRY WHEY - DAILY TRADING 

EXTRA GRADE 0.7855 0.8218 0.7420 0.6174 0.5373 0.5138 0.4694 0.4504 0.4564 0.4312 0.4434 0.4248 0.5578 

DAIRY MARKET NEWS 2

CHEESE 

WISCONSIN 

PROCESS AMERICAN 5 POUND LOAF 2.0743 2.1136 2.2530 2.5232 2.5778 2.4450 2.3286 2.0944 2.1999 2.3864 2.1750 2.0384 2.2675 

BRICK AND/OR MUENSTER 5 POUNDS 2.5224 2.4636 2.6560 2.8115 2.8561 2.7324 2.5806 2.3640 2.4188 2.5431 2.6106 2.6024 2.5968 

CHEDDAR 40 POUND BLOCK 2.2324 2.1736 2.3660 2.5215 2.5661 2.4424 2.2906 2.0740 2.1288 2.2531 2.3206 2.3124 2.3068 

MONTEREY JACK 10 POUNDS 2.3874 2.3286 2.5210 2.6765 2.7211 2.5974 2.4456 2.2290 2.2838 2.4081 2.4756 2.4674 2.4618 

BLUE 5 POUNDS 3.1136 3.0548 3.2472 3.4027 3.4474 3.3236 3.1719 2.9552 3.0100 3.1344 3.2019 3.1936 3.1880 

MOZZARELLA 5-6 POUNDS 2.5824 2.5236 2.7160 2.8715 2.9161 2.7924 2.6406 2.4240 2.4788 2.6031 2.6706 2.6624 2.6568 

SWISS 6-9 POUND CUTS 2.9925 3.0465 3.0822 3.3030 3.3595 3.5249 3.7588 3.8367 3.7658 3.6063 3.3403 3.2590 3.4063 

NORTHEAST 

CHEDDAR 40 POUND BLOCK 2.5386 2.4798 2.7156 2.8990 2.9436 2.8199 2.6681 2.4515 2.5063 2.6306 2.6981 2.6899 2.6701 

PROCESS AMERICAN 5 POUND SLICED 2.1493 2.1886 2.3608 2.6519 2.7065 2.5738 2.4574 2.2232 2.3287 2.5151 2.3038 2.1672 2.3855 

MUENSTER 2.5574 2.4986 2.7343 2.9177 2.9624 2.8386 2.6869 2.4702 2.5250 2.6494 2.7169 2.7086 2.6888 

SWISS 10-14 POUND CUTS 4.5800 4.6340 4.6697 4.8905 4.9470 5.1124 5.3500 5.4317 5.3608 5.2013 4.9353 4.8540 4.9972 

WEST 

PROCESS AMERICAN 5 POUND LOAF 2.0393 2.0786 2.2508 2.5062 2.5465 2.4138 2.2974 2.0632 2.1687 2.3551 2.1438 2.0072 2.2392 

CHEDDAR 40 POUND BLOCK 2.2674 2.2086 2.4443 2.6277 2.6724 2.5486 2.3969 2.1802 2.2350 2.3594 2.4269 2.4186 2.3988 

CHEDDAR 10 POUND CUTS 2.3699 2.3111 2.5468 2.7302 2.7749 2.6511 2.4994 2.2827 2.3375 2.4619 2.5294 2.5211 2.5013 

MONTEREY JACK 10 POUNDS 2.3949 2.3361 2.5718 2.7552 2.7999 2.6761 2.5244 2.3077 2.3625 2.4869 2.5544 2.5461 2.5263 

SWISS 6-9 POUND CUTS 3.4413 3.4953 3.1179 3.2518 3.3082 3.4736 3.7113 3.7929 3.7220 3.5625 3.2965 3.2152 3.4490

FLUID PRODUCTS 

CLASS II CREAM 

NORTHEASTERN - F.O.B. 3.3388 3.2912 3.6138 3.7119 3.6609 4.0169 4.1793 4.6154 4.6687 4.4704 3.9956 3.4577 3.9184 

MIDWESTERN - F.O.B. 3.5290 3.3252 3.5377 3.5462 3.5461 3.8831 3.9970 4.4241 4.3164 4.1936 3.7356 3.2734 3.7756 

CONDENSED SKIM - NORTHEASTERN - F.O.B. 

CLASS II 1.6095 1.6992 1.7750 1.8607 1.8950 1.8950 1.8950 1.8639 1.7590 1.6620 1.6415 1.5605 1.7597 

CLASS III 1.3700 1.3413 1.3598 1.5079 1.6674 1.8100 1.6445 1.4628 1.2721 1.0475 1.1803 1.2332 1.4081 

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. 

21
2022 U.S. MONTHLY PRICE AVERAGES (US $/LB) 

AREA and PRODUCT : JAN 

DAIRY MARKET NEWS, CONTINUED 2

 DRY PRODUCTS 

NONFAT DRY MILK 

: FEB : MAR : APR : MAY : JUN : JUL : AUG : SEP : OCT : NOV : DEC : AVG 

EASTERN AND CENTRAL - LOW/MEDIUM HEAT 

--MOSTLY 

EASTERN AND CENTRAL - HIGH HEAT 

WESTERN - LOW/MEDIUM HEAT 

--MOSTLY 

WESTERN - HIGH HEAT 

1.7430 

1.7276 

1.8720 

1.7473 

1.7090 

1.8909 

1.8829 

1.8763 

2.0074 

1.8598 

1.8434 

2.0001 

1.9045 

1.9100 

2.0241 

1.8688 

1.8418 

2.0192 

1.8940 

1.8973 

2.0119 

1.8257 

1.8242 

1.9769 

1.7898 

1.8121 

2.0004 

1.7742 

1.7643 

1.9059 

1.8736 

1.8657 

2.0098 

1.8493 

1.8393 

1.9943 

1.7705 

1.7760 

1.9434 

1.7450 

1.7385 

1.8878 

1.5937 

1.6013 

1.7743 

1.5845 

1.5608 

1.7198 

1.5650 

1.5729 

1.6993 

1.5798 

1.5801 

1.7174 

1.5345 

1.5290 

1.6571 

1.5396 

1.5329 

1.6722 

1.4378 

1.4454 

1.6070 

1.4754 

1.4628 

1.5763 

1.3922 

1.3957 

1.5514 

1.4272 

1.4340 

1.5397 

1.6985

1.7008 

1.8465 

1.6897

1.6776 

1.8250 

DRY WHEY 

CENTRAL 

--MOSTLY 

WESTERN 

--MOSTLY 

NORTHEASTERN - EXTRA AND GRADE A 

0.7293 

0.7245 

0.7371 

0.7459 

0.7078 

0.7898 

0.7932 

0.7863 

0.7980 

0.7872 

0.7452 

0.7604 

0.7784 

0.7561 

0.7944 

0.6917 

0.6448 

0.7124 

0.6579 

0.7257 

0.6110 

0.6006 

0.6304 

0.6090 

0.6637 

0.5647 

0.5650 

0.5770 

0.5808 

0.6086 

0.5070 

0.5085 

0.5266 

0.5258 

0.5545 

0.4538 

0.4520 

0.4905 

0.4991 

0.4998 

0.4419 

0.4515 

0.4904 

0.5270 

0.5018 

0.4339 

0.4400 

0.4671 

0.4993 

0.4717 

0.4418 

0.4393 

0.4658 

0.4835 

0.4635 

0.4032 

0.4168 

0.4529 

0.4664 

0.4474 

0.5678

0.5664 

0.5929

0.5957 

0.6022 

WHEY PROTEIN CONCENTRATE 34% 

CENTRAL AND WESTERN 

--MOSTLY 

1.4508 

1.4378 

1.6091 

1.5904 

1.7495 

1.7102 

1.8182 

1.7920 

1.8035 

1.8160 

1.7776 

1.8269 

1.7669 

1.8313 

1.6826 

1.8118 

1.6932 

1.8052 

1.7575 

1.8085 

1.7378 

1.8073 

1.6849 

1.7478 

1.7110

1.7488 

ANIMAL FEED 

CENTRAL - MILK REPLACER 0.5638 0.6624 0.6586 0.5525 0.5138 0.4873 0.4435 0.3863 0.3664 0.3308 0.3250 0.3159 0.4672 

DRY BUTTERMILK 

EASTERN AND CENTRAL 

WESTERN 

--MOSTLY 

1.5455 

1.5148 

1.4946 

1.7188 

1.6568 

1.6595 

1.8204 

1.7517 

1.7417 

1.8855 

1.8431 

1.8314 

1.9323 

1.9507 

1.9195 

1.9691 

1.9290 

1.9277 

1.9556 

1.8820 

1.8799 

1.9085 

1.8457 

1.8514 

1.9013 

1.7927 

1.8202 

1.6904 

1.6655 

1.7295 

1.5239 

1.5548 

1.6124 

1.3766 

1.4178 

1.4447 

1.7690 

1.7337

1.7427 

DRY WHOLE MILK 

NATIONAL 2.0500 2.2705 2.2600 2.2600 2.2495 2.2702 2.2750 2.3070 2.3664 2.4465 2.4500 2.3875 2.2994 

LACTOSE 

CENTRAL AND WESTERN 

--MOSTLY 

0.4248 

0.4050 

0.4239 

0.4050 

0.4250 

0.4111 

0.4214 

0.4317 

0.4286 

0.4363 

0.4441 

0.4435 

0.4675 

0.4550 

0.4728 

0.4550 

0.4795 

0.4568 

0.4928 

0.4760 

0.4830 

0.4850 

0.4682 

0.4782 

0.4526 

0.4449 

CASEIN 

RENNET 4.9558 4.9999 5.1122 5.1695 5.4114 5.5105 5.6113 5.6150 6.0043 6.1660 6.0340 5.9700 5.5467 

ACID 5.8073 5.9440 6.4363 6.5650 6.6250 6.6602 6.8813 6.9500 6.9381 6.7700 6.6350 6.6250 6.5698 

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. 

22
2022 INTERNATIONAL MONTHLY PRICE AVERAGES (US $/MT) 

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

DAIRY MARKET NEWS 3

BUTTER (82% BUTTERFAT)

 -- OCEANIA 6067 6578 6949 6850 6176 6049 5633 5277 5375 4976 4844 4698 5789

 -- WESTERN EUROPE 6742 6928 7186 7761 7628 7883 7458 7387 7283 6913 6528 6257 7163 

BUTTEROIL (99% BUTTERFAT)

 -- WESTERN EUROPE 7465 7666 7716 8407 8674 8788 8663 8805 8968 8713 8604 8406 8406 

CHEDDAR CHEESE (39% MAXIMUM MOISTURE)

 -- OCEANIA 5580 5814 6171 6276 5919 5323 5154 5071 5213 4992 4913 4951 5448 

SKIM MILK POWDER (1.25% BUTTERFAT) 

-- OCEANIA 3930 4260 4568 4534 4168 4260 3926 3566 3561 3350 3035 3068 3852

 -- SOUTH AMERICA 3367 3665 4046 4099 4105 4182 4146 4125 4091 3920 3575 3535 3905

 -- WESTERN EUROPE 3951 4178 4410 4586 4352 4318 4027 3836 3748 3525 3231 3117 3940 

WHEY POWDER (NONHYGROSCOPIC)

 -- WESTERN EUROPE 1409 1544 1622 1674 1542 1444 1199 1162 1138 1087 1074 1002 1325 

WHOLE MILK POWDER (26% BUTTERFAT)

 -- OCEANIA 4052 4451 4633 4310 3859 4063 3841 3454 3602 3465 3323 3313 3864

 -- SOUTH AMERICA 3664 3868 4503 4613 4555 4600 4529 4441 4380 4214 4000 3949 4276

 -- WESTERN EUROPE 4950 5313 5551 5780 5636 5590 5195 4990 4855 4790 4581 4415 5137 

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

23
 

 

 

 

 

 

 

 

 

 

 

24

2022 U.S. Organic Half Gallon Milk 

Weekly Weighted Average Advertised Prices, U.S. Dollars 

National and Regional 

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

1 1.94 3.69 4.01 3.19 3.62 5.47 n.a. 3.49 3.63 

2 1.94 3.88 4.99 n.a. 3.92 4.18 n.a. n.a. 3.78 

3 4.99 3.28 3.73 1.87 3.86 5.04 n.a. 3.48 3.75 

4 1.94 4.79 4.99 n.a. 3.88 n.a. 4.99 n.a. 4.12 

5 1.94 n.a. 4.69 3.99 3.86 4.61 n.a. n.a. 3.82 

6 2.05 n.a. 4.99 n.a. 3.88 4.18 n.a. n.a. 3.78 

7 4.99 3.50 4.99 n.a. 3.88 n.a. n.a. n.a. 4.34 

8 2.88 3.94 4.99 n.a. 4.24 n.a. n.a. n.a. 4.01 

9 2.41 1.97 2.78 n.a. 1.97 5.47 n.a. n.a. 2.92 

10 2.50 n.a. n.a. 3.99 3.28 3.98 n.a. n.a. 3.44 

11 2.30 4.05 4.99 n.a. 3.91 5.47 n.a. n.a. 4.14 

12 2.45 4.49 n.a. n.a. 3.98 5.47 n.a. n.a. 4.10 

13 2.38 3.50 n.a. n.a. 3.82 5.47 n.a. n.a. 3.79 

14 2.54 3.50 n.a. n.a. 3.91 4.73 n.a. n.a. 3.67 

15 2.46 n.a. 3.99 2.99 3.98 3.98 n.a. n.a. 3.48 

16 2.38 n.a. n.a. 3.50 3.98 n.a. n.a. n.a. 3.29 

17 2.56 n.a. n.a. n.a. 3.98 4.32 n.a. n.a. 3.62 

18 2.52 n.a. 4.99 n.a. 3.98 4.46 9.24 n.a. 5.04 

19 2.46 4.79 4.49 4.46 3.63 4.98 n.a. 4.99 4.26 

20 2.46 4.13 4.79 3.99 3.99 4.79 n.a. 4.99 4.16 

21 2.46 3.33 n.a. 3.99 3.88 4.97 n.a. n.a. 3.73 

22 n.a. n.a. n.a. n.a. 5.99 n.a. 7.49 n.a. 6.74 

23 2.44 3.50 4.79 n.a. 4.13 4.79 8.82 4.99 4.78 

24 1.92 4.63 4.79 n.a. 4.26 5.33 n.a. n.a. 4.19 

25 1.92 3.99 n.a. 3.99 3.69 5.47 9.24 n.a. 4.72 

26 1.92 3.49 n.a. n.a. 3.91 4.79 n.a. n.a. 3.53 

27 2.30 3.50 n.a. n.a. 3.85 4.63 9.24 n.a. 4.70 

28 2.52 3.50 3.43 2.99 3.67 2.99 9.24 3.99 4.04 

29 2.51 2.61 2.63 2.49 3.91 4.79 9.24 n.a. 4.03 

30 2.29 5.47 n.a. 5.47 4.06 5.47 9.24 n.a. 5.33 

31 2.43 n.a. n.a. 3.99 3.96 5.47 n.a. n.a. 3.96 

32 2.00 5.46 2.99 n.a. 3.97 n.a. n.a. n.a. 3.61 

33 2.42 n.a. 2.99 2.99 4.60 n.a. 9.24 n.a. 4.45 

34 2.60 3.50 n.a. n.a. 3.98 3.49 9.24 n.a. 4.56 

35 2.51 n.a. 3.88 n.a. 3.98 n.a. 9.24 n.a. 4.90 

36 1.89 n.a. n.a. n.a. 4.37 n.a. n.a. n.a. 3.13 

37 2.55 4.29 n.a. 4.74 3.98 n.a. 9.24 n.a. 4.96 

38 1.76 n.a. 3.60 n.a. 3.83 3.50 n.a. n.a. 3.17 

39 2.52 3.50 n.a. 3.79 3.98 n.a. 9.24 n.a. 4.61 

40 2.29 n.a. 2.28 2.97 3.96 n.a. n.a. n.a. 2.88 

41 2.18 n.a. 4.70 4.79 4.29 3.89 7.49 n.a. 4.56 

42 1.63 3.50 4.79 3.99 4.37 3.98 n.a. n.a. 3.71 

43 2.21 n.a. n.a. 2.99 3.98 4.73 7.49 n.a. 4.28 

44 1.63 n.a. 3.99 n.a. 4.76 3.98 n.a. n.a. 3.59 

45 1.71 n.a. n.a. n.a. 3.96 n.a. 7.49 n.a. 4.39 

46 n.a. 3.50 2.99 n.a. 3.96 n.a. 8.49 n.a. 4.74 

47 2.66 3.50 n.a. n.a. 3.98 n.a. n.a. n.a. 3.38 

48 1.86 3.50 n.a. 5.49 3.89 n.a. n.a. n.a. 3.69 

49 2.99 n.a. n.a. n.a. 3.98 n.a. 7.74 n.a. 4.90 

50 2.30 n.a. n.a. 5.24 3.98 n.a. n.a. n.a. 3.84 

51 2.65 n.a. 3.98 3.99 3.98 n.a. 8.49 n.a. 4.62 

52 2.75 3.99 n.a. 3.99 3.98 n.a. n.a. n.a. 3.68 

Annual 

Averages 2.40 3.82 4.12 3.83 3.97 4.65 8.51 4.32 4.45 
2022 U.S. Half Gallon Milk 

Weekly Weighted Average Advertised Prices, U.S. Dollars 

Conventional and Organic 

Week Conventional Organic Spread 

1 1.52 4.10 2.58 

2 1.77 4.37 2.60 

3 2.15 3.94 1.79 

4 1.71 4.71 3.00 

5 1.58 4.22 2.64 

6 1.97 4.33 2.36 

7 2.23 4.53 2.30 

8 2.16 4.39 2.23 

9 2.17 3.07 0.90 

10 1.27 4.15 2.88 

11 2.08 4.40 2.32 

12 1.94 4.61 2.67 

13 1.86 4.26 2.40 

14 2.17 4.17 2.00 

15 2.27 3.97 1.70 

16 1.95 3.98 2.03 

17 1.82 4.14 2.32 

18 2.54 4.77 2.23 

19 2.26 4.45 2.19 

20 2.76 4.34 1.58 

21 2.38 3.99 1.61 

22 1.77 6.23 4.46 

23 2.25 4.60 2.35 

24 2.11 4.88 2.77 

25 1.59 5.18 3.59 

26 1.97 4.18 2.21 

27 2.36 4.84 2.48 

28 2.12 4.20 2.08 

29 2.48 4.33 1.85 

30 2.66 5.38 2.72 

31 2.05 4.70 2.65 

32 1.95 4.81 2.86 

33 2.31 4.21 1.90 

34 2.29 4.84 2.55 

35 2.47 4.33 1.86 

36 1.88 4.14 2.26 

37 2.21 4.61 2.40 

38 1.83 3.96 2.13 

39 2.44 4.25 1.81 

40 1.85 3.47 1.62 

41 2.15 4.56 2.41 

42 1.48 4.26 2.78 

43 2.11 4.51 2.40 

44 1.94 4.38 2.44 

45 2.03 4.20 2.17 

46 2.26 4.05 1.79 

47 2.47 3.80 1.33 

48 1.89 4.24 2.35 

49 2.09 4.46 2.37 

50 2.12 4.22 2.10 

51 2.45 4.54 2.09 

52 2.21 3.99 1.78 

Annual 

Averages 2.08 4.37 2.29 

25