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

 

 ::REPORT NUMBER 35 ::REPORT NUMBER 36 ::REPORT NUMBER 37 ::REPORT NUMBER 38 ::REPORT NUMBER 39 :: 2017 : 2016 

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

 :: SEP 01 :: SEP 04 - 08 :: SEP 11 - 15 :: SEP 18 - 22 :: SEP 25 - 29 :: Average : Average 

 

 CHEESE 

 

WISCONSIN (WSP, Delivered, LTL) 

-- Process American 5# Loaf :: 1.7575 - 2.1175 :: 1.5950 - 1.9550 :: 1.6525 - 2.0125 :: 1.6075 - 1.9675 :: 1.6100 - 1.9700 :: 1.8044 : 1.8650 

-- Brick And/Or Muenster 5# :: 2.0650 - 2.4900 :: 1.8950 - 2.3200 :: 1.9925 - 2.4175 :: 1.9875 - 2.4125 :: 1.9625 - 2.3875 :: 2.1804 : 2.2535 

-- Cheddar 40# Block :: 1.7925 - 2.1875 :: 1.6225 - 2.0175 :: 1.7200 - 2.1150 :: 1.7150 - 2.1100 :: 1.6900 - 2.0850 :: 1.8929 : 1.9660 

-- Monterey Jack 10# :: 2.0400 - 2.2450 :: 1.8700 - 2.0750 :: 1.9675 - 2.1725 :: 1.9625 - 2.1675 :: 1.9375 - 2.1425 :: 2.0454 : 2.1185 

-- Blue 5# :: 2.3325 - 3.3200 :: 2.1625 - 3.1500 :: 2.2600 - 3.2475 :: 2.2550 - 3.2425 :: 2.2300 - 3.2175 :: 2.7291 : 2.8022 

-- Mozzarella 5 - 6# :: 1.8650 - 2.8050 :: 1.6950 - 2.6350 :: 1.7925 - 2.7325 :: 1.7875 - 2.7275 :: 1.7625 - 2.7025 :: 2.2379 : 2.3110 

-- Grade A Swiss Cuts 6 - 9# :: 2.6900 - 2.8075 :: 2.7900 - 2.9075 :: 2.7900 - 2.9075 :: 2.7900 - 2.9075 :: 2.7900 - 2.9075 :: 2.8438 : 2.4888 

NORTHEAST (WSP, Delivered, LTL) 

-- Cheddar 40# Block :: 2.1400 - 2.4250 :: 1.9700 - 2.2550 :: 2.0675 - 2.3525 :: 2.0625 - 2.3475 :: 2.0375 - 2.3225 :: 2.1854 : 2.2135 

-- Process 5# Sliced :: 1.8200 - 2.3000 :: 1.6575 - 2.1375 :: 1.7150 - 2.1950 :: 1.6700 - 2.1500 :: 1.6725 - 2.1525 :: 1.9269 : 2.0325 

-- Muenster :: 2.1250 - 2.4750 :: 1.9550 - 2.3050 :: 2.0525 - 2.4025 :: 2.0475 - 2.3975 :: 2.0225 - 2.3725 :: 2.2029 : 2.2310 

-- Grade A Swiss Cuts 10 - 14# :: 3.1725 - 3.4950 :: 3.2725 - 3.5950 :: 3.2725 - 3.5950 :: 3.2725 - 3.5950 :: 3.2725 - 3.5950 :: 3.4288 : 3.0738 

WEST COAST (WSP, Delivered, LTL) 

-- Process 5# Loaf :: 1.7450 - 2.0025 :: 1.5825 - 1.8400 :: 1.6400 - 1.8975 :: 1.5950 - 1.8525 :: 1.5975 - 1.8550 :: 1.7406 : 1.8288 

-- Cheddar 40# Block :: 1.8250 - 2.2700 :: 1.6550 - 2.1000 :: 1.7525 - 2.1975 :: 1.7475 - 2.1925 :: 1.7225 - 2.1675 :: 1.9504 : 1.9960 

-- Cheddar 10# Cuts :: 2.0050 - 2.2250 :: 1.8350 - 2.0550 :: 1.9325 - 2.1525 :: 1.9275 - 2.1475 :: 1.9025 - 2.1225 :: 2.0179 : 2.0635 

-- Monterey Jack 10# :: 2.0150 - 2.1750 :: 1.8450 - 2.0050 :: 1.9425 - 2.1025 :: 1.9375 - 2.0975 :: 1.9125 - 2.0725 :: 1.9979 : 2.0435 

-- Grade A Swiss Cuts 6 - 9# :: 2.7500 - 3.1800 :: 2.8500 - 3.2800 :: 2.8500 - 3.2800 :: 2.8500 - 3.2800 :: 2.8500 - 3.2800 :: 3.0600 : 2.7050 

 

 

 FLUID PRODUCTS 

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

 -- Northeast - f.o.b :: 3.3963 - 3.6053 :: 3.3101 - 3.5411 :: 3.1702 - 3.3914 :: 3.1270 - 3.2966 :: 3.0806 - 3.3024 :: 3.2812 : 2.6256 

 -- Upper Midwest - f.o.b :: 3.1350 - 3.3440 :: 3.0792 - 3.2845 :: 2.9982 - 3.1948 :: 2.9573 - 3.1512 :: 3.0134 - 3.2039 :: 3.1132 : 2.4965 

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

 -- Class II :: 0.60 - 0.81 :: 0.60 - 0.81 :: 0.45 - 0.81 :: 0.45 - 0.81 :: 0.55 - 0.85 :: 0.6663 : 0.8114 

 -- Class III :: 0.59 - 0.74 :: 0.59 - 0.84 :: 0.47 - 0.85 :: 0.47 - 0.85 :: 0.60 - 0.85 :: 0.6875 : 0.8333 
 DAIRY MARKET NEWS DOMESTIC MONTHLY SUMMARY AND AVERAGES FOR SEPTEMBER 20171 - (UNLESS OTHERWISE NOTED, PRICES ARE DOLLARS PER POUND, CL/TL) 

 

 ::REPORT NUMBER 35 ::REPORT NUMBER 36 ::REPORT NUMBER 37 ::REPORT NUMBER 38 ::REPORT NUMBER 39 :: 2017 : 2016 

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

 :: SEP 01 :: SEP 04 - 08 :: SEP 11 - 15 :: SEP 18 - 22 :: SEP 25 - 29 :: Average : Average 

 

 DRY PRODUCTS 

 

NONFAT DRY MILK 

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

 -- Low/Medium Heat :: 0.8500 - 0.9200 :: 0.8500 - 0.9200 :: 0.8400 - 0.9200 :: 0.8400 - 0.9200 :: 0.8300 - 0.9000 :: 0.8775 : 0.9089 

 -- Mostly :: 0.8700 - 0.9150 :: 0.8700 - 0.9100 :: 0.8700 - 0.9100 :: 0.8700 - 0.8900 :: 0.8600 - 0.8800 :: 0.8826 : 0.9212 

 -- High Heat :: 0.9800 - 1.0500 :: 0.9900 - 1.0500 :: 0.9900 - 1.0500 :: 0.9900 - 1.0500 :: 0.9900 - 1.0500 :: 1.0198 : 1.0312 

-- West (f.o.b) 

 -- Low/Medium Heat :: 0.7950 - 0.9200 :: 0.7950 - 0.9200 :: 0.7900 - 0.9200 :: 0.7900 - 0.9100 :: 0.7900 - 0.9100 :: 0.8531 : 0.9189 

 -- Mostly :: 0.8600 - 0.9000 :: 0.8600 - 0.9000 :: 0.8500 - 0.9000 :: 0.8500 - 0.8700 :: 0.8400 - 0.8700 :: 0.8675 : 0.9281 

 -- High Heat :: 1.0000 - 1.0700 :: 1.0000 - 1.0650 :: 1.0000 - 1.0650 :: 1.0000 - 1.0650 :: 1.0000 - 1.0650 :: 1.0326 : 1.0105 

WHEY POWDER (Nonhygroscopic) 

 -- Central (f.o.b.) :: 0.3100 - 0.4500 :: 0.3000 - 0.4750 :: 0.2900 - 0.4750 :: 0.2900 - 0.4500 :: 0.2800 - 0.4200 :: 0.3721 : 0.3293 

 -- Mostly :: 0.3400 - 0.4300 :: 0.3400 - 0.4200 :: 0.3400 - 0.4200 :: 0.3400 - 0.4000 :: 0.3400 - 0.4000 :: 0.3753 : 0.3052 

 -- West (f.o.b.) :: 0.3400 - 0.4525 :: 0.3350 - 0.4525 :: 0.3350 - 0.4500 :: 0.3200 - 0.4450 :: 0.3200 - 0.4400 :: 0.3873 : 0.3418 

 -- Mostly :: 0.3600 - 0.4200 :: 0.3550 - 0.4100 :: 0.3500 - 0.4100 :: 0.3400 - 0.4100 :: 0.3400 - 0.4100 :: 0.3785 : 0.3239 

 -- Northeast (f.o.b.) :: 0.3375 - 0.4625 :: 0.3350 - 0.4725 :: 0.3350 - 0.4750 :: 0.3000 - 0.4575 :: 0.3000 - 0.4500 :: 0.3904 : 0.3218 

WHEY PROTEIN CONCENTRATE 

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

 -- Extra Grade 34% Protein :: 0.7000 - 1.1000 :: 0.7000 - 1.1000 :: 0.7000 - 1.1000 :: 0.7000 - 1.1000 :: 0.7000 - 1.1000 :: 0.9000 : 0.7369 

 -- Mostly :: 0.7500 - 0.9200 :: 0.7500 - 0.8950 :: 0.7500 - 0.8950 :: 0.7500 - 0.8950 :: 0.7500 - 0.8950 :: 0.8231 : 0.7305 

ANIMAL FEED - WHEY 

-- Central (f.o.b.) 

 -- Milk Replacer :: 0.2600 - 0.4200 :: 0.2600 - 0.4000 :: 0.2600 - 0.4000 :: 0.1800 - 0.3800 :: 0.1800 - 0.3800 :: 0.3055 : 0.2485 

BUTTERMILK (Min. 30% protein) 

-- Central And East (f.o.b.) :: 0.8600 - 0.9500 :: 0.8600 - 0.9500 :: 0.8600 - 0.9500 :: 0.8700 - 0.9450 :: 0.8700 - 0.9475 :: 0.9066 : 0.8569 

-- West (f.o.b.) :: 0.8300 - 0.9600 :: 0.8300 - 0.9600 :: 0.8300 - 0.9800 :: 0.8300 - 0.9500 :: 0.8300 - 0.9550 :: 0.8956 : 0.8524 

 -- Mostly :: 0.9100 - 0.9400 :: 0.9100 - 0.9400 :: 0.9100 - 0.9400 :: 0.8900 - 0.9200 :: 0.8900 - 0.9200 :: 0.9150 : 0.8469 

DRY WHOLE MILK 

-- National (f.o.b.) :: 1.4000 - 1.6500 :: 1.4000 - 1.6500 :: 1.4000 - 1.5500 :: 1.4500 - 1.5500 :: 1.3500 - 1.4500 :: 1.4750 : 1.3498 

LACTOSE 

-- Central And West (f.o.b.) :: 0.2200 - 0.4700 :: 0.2200 - 0.4700 :: 0.2000 - 0.4700 :: 0.2000 - 0.4700 :: 0.2000 - 0.4700 :: 0.3375 : 0.3163 

 -- Mostly :: 0.2600 - 0.3800 :: 0.2500 - 0.3600 :: 0.2500 - 0.3400 :: 0.2500 - 0.3400 :: 0.2400 - 0.3300 :: 0.2958 : 0.3208 

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

 -- Nonrestricted - Rennet :: 2.7000 - 2.8500 :: 2.8500 - 3.0000 :: 2.8500 - 3.0000 :: 2.7500 - 2.9000 :: 2.7100 - 2.8800 :: 2.8600 : 3.0652 

 -- Nonrestricted - Acid :: 3.4000 - 3.6000 :: 3.5000 - 3.6000 :: 3.5000 - 3.6000 :: 3.5000 - 3.6000 :: 3.5000 - 3.6000 :: 3.5475 : 3.0888 

--------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Prices for all products are issued once a week and represent a value for the entire week. Monthly averages are based on weekly prices and are 

time-weighted according to the number of workdays in the month - Saturdays, Sundays and National Holidays excluded. No monthly average is computed if 

one or more weekly prices are missing. 
 DAIRY MARKET NEWS INTERNATIONAL MONTHLY SUMMARY AND AVERAGES FOR SEPTEMBER 20171 

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

 

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

 ::REPORT NUMBER 35 ::REPORT NUMBER 37 ::REPORT NUMBER 39 :: 2017 * : 2016 * 

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

 :: SEP 01 :: SEP 04 - 15 :: SEP 18 - 29 :: Average : Average 

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

*Monthly average updated 

BUTTER (82% BUTTERFAT) 

 -- OCEANIA :: 5700 - 6450 :: 5950 - 6450 :: 6100 - 6450 :: 6230 : 3860 

 -- WESTERN EUROPE :: 7850 - 8350 :: 7875 - 8400 :: 7750 - 8225 :: 8064 : 4301 

BUTTEROIL (99% BUTTERFAT) 

 -- WESTERN EUROPE :: 7050 - 9350 :: 7050 - 9350 :: 7125 - 9325 :: 8212 : 4258 

CHEDDAR CHEESE (39% MAXIMUM MOISTURE) 

 -- OCEANIA :: 4000 - 4025 :: 4100 - 4225 :: 4000 - 4250 :: 4138 : 3560 

SKIM MILK POWDER (1.25% BUTTERFAT) 

 -- OCEANIA :: 1925 - 1975 :: 1925 - 2050 :: 1850 - 1950 :: 1944 : 2344

 -- SOUTH AMERICA :: 2550 - 2850 :: 2650 - 2950 :: 2600 - 2900 :: *2771 : 

 -- WESTERN EUROPE :: 2025 - 2150 :: 1950 - 2150 :: 1800 - 1950 :: 1968 : 2236 

WHEY POWDER (NONHYGROSCOPIC) 

 -- WESTERN EUROPE :: 0975 - 1150 :: 0925 - 1150 :: 0800 - 1025 :: 979 : 935 

WHOLE MILK POWDER (26% BUTTERFAT) 

 -- OCEANIA :: 3050 - 3175 :: 3050 - 3125 :: 3100 - 3250 :: 3130 : 2858 

 -- SOUTH AMERICA :: 3200 - 3400 :: 3250 - 3450 :: 3250 - 3400 :: 3336 : 

 -- WESTERN EUROPE :: 3700 - 4000 :: 3675 - 4000 :: 3500 - 3825 :: 3755 : 2873 

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

1 Prices for all products are issued biweekly and represent a value for the entire biweekly period. Monthly 

averages are based on biweekly prices and are time-weighted according to the number of workdays in the month –

Saturdays and Sundays excluded. No monthly average is computed if one or more biweekly prices are missing. 
 CME GROUP AVERAGES FOR SEPTEMBER 2017 

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

 ::REPORT NUMBER 35::REPORT NUMBER 36::REPORT NUMBER 37::REPORT NUMBER 38::REPORT NUMBER 39:: 2017 * : 2016 * 

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

 :: SEP 1 :: SEP 4 - 8 :: SEP 11 - 15 :: SEP 18 - 22 :: SEP 25 - 29 :: Average : Average 

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

 

 BUTTER* 

 

-- GRADE AA 

 --Monday :: :: 1 :: 2.4100 :: 2.4625 :: 2.4175 :: : 

 --Tuesday :: :: 2.4375 :: 2.4275 :: 2.4675 :: 2.4250 :: : 

 --Wednesday :: :: 2.4400 :: 2.4175 :: 2.4725 :: 2.4175 :: : 

 --Thursday :: :: 2.4950 :: 2.4175 :: 2.4725 :: 2.3850 :: : 

 --Friday :: 2.5075 :: 2.4575 :: 2.4475 :: 2.4475 :: 2.3150 :: 2.4370 : 1.9950 

 

--Weekly Average** :: 2.5660 :: 2.4575 :: 2.4240 :: 2.4645 :: 2.3920 :: 

 

 CHEESE* 

 

-- BARRELS 

 --Monday :: :: 1 :: 1.5400 :: 1.4425 :: 1.6725 :: : 

 --Tuesday :: :: 1.5575 :: 1.5700 :: 1.4850 :: 1.6800 :: : 

 --Wednesday :: :: 1.5800 :: 1.5000 :: 1.5125 :: 1.7300 :: : 

 --Thursday :: :: 1.5500 :: 1.5000 :: 1.5300 :: 1.7300 :: : 

 --Friday :: 1.5200 :: 1.5400 :: 1.4500 :: 1.6000 :: 1.6925 :: 1.5691 : 1.5415 

 

--Weekly Average** :: 1.4995 :: 1.5569 :: 1.5120 :: 1.5140 :: 1.7010 :: 

 

-- 40# BLOCKS 

 --Monday :: :: 1 :: 1.6400 :: 1.5975 :: 1.6700 :: : 

 --Tuesday :: :: 1.5975 :: 1.6400 :: 1.5925 :: 1.6900 :: : 

 --Wednesday :: :: 1.6400 :: 1.6150 :: 1.5975 :: 1.7325 :: : 

 --Thursday :: :: 1.6400 :: 1.6150 :: 1.5925 :: 1.7400 :: : 

 --Friday :: 1.5400 :: 1.6425 :: 1.6100 :: 1.6125 :: 1.7350 :: 1.6370 : 1.6224 

 

--Weekly Average** :: 1.5325 :: 1.6300 :: 1.6240 :: 1.5985 :: 1.7135 :: 

 

 NONFAT DRY MILK* 

 

-- GRADE A 

 --Monday :: :: 1 :: 0.8200 :: 0.8225 :: 0.8300 :: : 

 --Tuesday :: :: 0.8550 :: 0.8200 :: 0.8350 :: 0.8300 :: : 

 --Wednesday :: :: 0.8525 :: 0.8325 :: 0.8200 :: 0.8425 :: : 

 --Thursday :: :: 0.8425 :: 0.8275 :: 0.8200 :: 0.8300 :: : 

 --Friday :: 0.8625 :: 0.8250 :: 0.8225 :: 0.8225 :: 0.8275 :: 0.8320 : 0.9160 

 

--Weekly Average** :: 0.8550 :: 0.8438 :: 0.8245 :: 0.8240 :: 0.8320 :: 

 

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

* Monthly averages are a simple average of all the closes during the month. Weekly and monthly averages are independent 

calculations. 

** Weekly averages are simple averages of the closes during the calendar week and are for information purposes. Should the 

week be split between two months, the weekly average will appear in the monthly report in which the Friday close is reported. 

1 / CME closed on September 4 for Labor Day