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Dairy commodities move in differing directions in US market

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US prices for butter and cheese firmed last week whilst non-fat dry milk and dry whey prices softened according to the latest price release by the USDA.
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Butter prices received for 25 kilogram and 68 pound boxes meeting United States Department of Agriculture (USDA) Grade AA standards averaged $1.74 per pound for the week ending April 11, 2015. The United States (US) price per pound increased 4.5 cents from the previous week.

Cheddar Cheese prices received for US 40 pound blocks averaged $1.58 per pound for the week ending April 11, 2015. The price per pound increased 0.1 cents from the previous week. The price for US 500 pound barrels adjusted to 38 percent moisture averaged $1.61 per pound, increased 4.0 cents from the previous week.

Dry Whey prices received for bag, tote, and tanker sales meeting USDA Extra Grade standards averaged 46.5 cents per pound for the week ending April 11, 2015. The US price per pound decreased 0.3 cents from the previous week.

Nonfat Dry Milk prices received for bag, tote, and tanker sales meeting USDA Extra Grade or United States Public Health Service (USPHS) Grade A standards averaged 97.5 cents per pound for the week ending April 11, 2015. The US price per pound decreased 2.0 cents from the previous week.

Butter Prices and Sales
03/14/2015 - 04/11/2015

                          3/14        3/21        3/28        4/04         4/11
Weighted Price
(dollars per pound)     1.7171      1.7082      1.6724*     1.6977*      1.7425

Sales
(pounds)             2,701,593   4,628,483   3,140,113   2,772,182*   3,157,562


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40 Pound Block Cheddar Cheese Prices and Sales
03/14/2015 - 04/11/2015

                          3/14        3/21        3/28        4/04         4/11

Weighted Price
(dollars per pound)     1.5636      1.5746      1.5809      1.5758*      1.5767

Sales
(pounds)            13,885,999  13,789,766  11,596,941  12,424,679*  12,092,025


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500 Pound Barrel Cheddar Cheese Prices, Sales, and Moisture Content
03/14/2015 - 04/11/2015


                          3/14        3/21        3/28        4/04         4/11

Weighted Price
(dollars per pound)     1.6104      1.6408      1.6597      1.6407       1.6855

Weighted Price
adjusted to 38%         1.5345      1.5625      1.5823      1.5729       1.6131
moisture
(dollars per pound)

Sales
(pounds)             9,530,547  11,098,151   9,711,077   9,550,948*  10,095,742

Weighted
Moisture Content         34.93       34.89       34.97       35.33        35.22
(Percent)


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Dry Whey Prices and Sales
03/14/2015 - 04/11/2015


                          3/14        3/21        3/28        4/04         4/11

Weighted Price
(dollars per pound)     0.4757      0.4668      0.4931      0.4679*      0.4652

Sales
(pounds)             7,352,576*  9,844,532   6,594,906   6,377,117*   6,915,233

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Nonfat Dry Milk Prices and Sales
03/14/2015 - 04/11/2015


                          3/14        3/21        3/28        4/04         4/11

Weighted Price
(dollars per pound)     1.0735*     1.0076      0.9920      0.9956*      0.9752

Sales
(pounds)            15,190,854* 20,180,756* 29,160,527* 18,859,453*  21,893,401

 

Total
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