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US butter prices firm but other commodities weaken

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Farmers Weekly
May 14, 2015
Prices for butter remained firm in the latest USDA price survey but prices for other dairy commodities weakened in the week ended 9 May 2015. Butter prices received for 25 kilogram and 68 pound boxes meeting United States Department of Agriculture (USDA) Grade AA standards averaged $1.82 per pound for the week ending 9 May 2015. The United States (US) price per pound increased 1.3 cents from the previous week. Cheddar Cheese prices received for US 40 pound blocks averaged $1.61 per pound for the week ending May 9, 2015. The price per pound increased 0.8 cents from the previous week. The price for US 500 pound barrels adjusted to 38 percent moisture averaged $1.67 per pound, decreased 0.1 cents from the previous week. Dry Whey prices received for bag, tote, and tanker sales meeting USDA Extra Grade standards averaged 43.6 cents per pound for the week ending May 9, 2015. The US price per pound decreased 3.0 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 94.1 cents per pound for the week ending May 9, 2015. The US price per pound decreased 0.9 cents from the previous week.
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National Dairy Products Sales Report

Butter Prices and Sales
04/11/2015 – 05/09/2015

                          4/11        4/18        4/25        5/02         5/09
Weighted Price
(dollars per pound)     1.7419      1.7342      1.7580      1.8049       1.8176

Sales
(pounds)             3,600,851   4,880,033*  3,940,010*  2,966,278*   4,089,645

—————————————————————————————
40 Pound Block Cheddar Cheese Prices and Sales
04/11/2015 – 05/09/2015

                          4/11        4/18        4/25        5/02         5/09

Weighted Price
(dollars per pound)     1.5763      1.5787      1.5925      1.6051*      1.6128

Sales
(pounds)            12,272,933  11,811,671  14,248,446  11,630,015*  13,398,869

—————————————————————————————
500 Pound Barrel Cheddar Cheese Prices, Sales, and Moisture Content
04/11/2015 – 05/09/2015

                          4/11        4/18        4/25        5/02         5/09

Weighted Price
(dollars per pound)     1.6856      1.7223      1.7366      1.7427*      1.7431

Weighted Price
adjusted to 38%         1.6132      1.6396      1.6575      1.6660*      1.6655
moisture
(dollars per pound)

Sales
(pounds)            10,137,426  10,250,823   9,941,803   9,894,341*   9,730,502

Weighted
Moisture Content         35.22       34.87       35.04       35.15        35.11
(Percent)

—————————————————————————————
Dry Whey Prices and Sales
04/11/2015 – 05/09/2015

                          4/11        4/18        4/25        5/02         5/09

Weighted Price
(dollars per pound)     0.4637      0.4558      0.4571      0.4651*      0.4355

Sales
(pounds)             7,103,602   7,030,999   7,387,719   5,945,539*   8,061,707

—————————————————————————————
Nonfat Dry Milk Prices and Sales
04/11/2015 – 05/09/2015

                          4/11        4/18        4/25        5/02         5/09

Weighted Price
(dollars per pound)     0.9751      0.9668      0.9517      0.9503*      0.9414

Sales
(pounds)            22,220,358  26,609,589  39,647,958* 19,770,749*  18,542,278

Total
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