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US butter and cheese prices firm

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Farmers Weekly
May 29, 2015
The latest USDA price survey shows butter and cheese prices have firmed while prices for dry whey and nonfat dry milk have eased. Butter prices received for 25 kilogram and 68 pound boxes meeting United States Department of Agriculture (USDA) Grade AA standards averaged $1.97 per pound for the week ending May 23, 2015. The United States (US) price per pound increased 8.6 cents from the previous week. Cheddar Cheese prices received for US 40 pound blocks averaged $1.64 per pound for the week ending May 23, 2015. The price per pound increased 0.9 cents from the previous week. The price for US 500 pound barrels adjusted to 38 percent moisture averaged $1.67 per pound, increased 0.4 cents from the previous week. Dry Whey prices received for bag, tote, and tanker sales meeting USDA Extra Grade standards averaged 44.0 cents per pound for the week ending May 23, 2015. The US price per pound decreased 1.5 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 94.8 cents per pound for the week ending May 23, 2015. The US price per pound decreased 0.9 cents from the previous week.
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Butter Prices and Sales
04/25/2015 – 05/23/2015

                          4/25        5/02        5/09        5/16         5/23
Weighted Price
(dollars per pound)     1.7580      1.8044*     1.8192*     1.8811*      1.9672

Sales
(pounds)             3,940,010   3,048,841*  4,090,968*  4,125,148*   3,162,469

—————————————————————————————
40 Pound Block Cheddar Cheese Prices and Sales
04/25/2015 – 05/23/2015

                          4/25        5/02        5/09        5/16         5/23

Weighted Price
(dollars per pound)     1.5925      1.6051      1.6135*     1.6269*      1.6354

Sales
(pounds)            14,248,446  11,630,015  13,567,385* 13,662,398*  12,499,880

—————————————————————————————
500 Pound Barrel Cheddar Cheese Prices, Sales, and Moisture Content
04/25/2015 – 05/23/2015

                          4/25        5/02        5/09        5/16         5/23

Weighted Price
(dollars per pound)     1.7366      1.7427      1.7431      1.7456*      1.7436

Weighted Price
adjusted to 38%         1.6575      1.6660      1.6655      1.6670*      1.6713
moisture
(dollars per pound)

Sales
(pounds)             9,941,803   9,894,341   9,735,104   9,847,401*   9,023,123

Weighted
Moisture Content         35.04       35.15       35.11       35.08        35.32
(Percent)

—————————————————————————————
Dry Whey Prices and Sales
04/25/2015 – 05/23/2015

                          4/25        5/02        5/09        5/16         5/23

Weighted Price
(dollars per pound)     0.4549*     0.4641*     0.4369*     0.4553*      0.4401

Sales
(pounds)             7,935,407*  6,052,462*  8,079,418*  7,178,726*   7,749,550

—————————————————————————————
Nonfat Dry Milk Prices and Sales
04/25/2015 – 05/23/2015

                          4/25        5/02        5/09        5/16         5/23

Weighted Price
(dollars per pound)     0.9517      0.9498*     0.9415*     0.9562*      0.9477

Sales
(pounds)            39,647,958  19,728,623* 18,665,599* 20,744,416*  20,046,097

Total
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