Da 2-8 (8-02) Dairy Products Prices National Agricultural Statistics Service USDA Washington, D.C. Released August 30, 2002, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, U.S. Department of Agriculture. For information on "Dairy Products Prices" call Ty Kalaus at 202-690-3236, or Kevin Pautler at 202-720-9168, office hours 7:00 a.m. to 4:00 p.m. ET. Dairy Products Prices Highlights Cheddar Cheese prices received for US 40 pound Blocks averaged $1.13 per pound for the week ending August 24. The price per pound increased 0.2 cents from the previous week. The price for US 500 pound Barrels adjusted to 38 percent moisture averaged $1.13 per pound, up 1.6 cents from the previous week. Butter prices received for 25 kilogram and 68 pound boxes meeting USDA Grade AA standards averaged $0.95 per pound for the week ending August 24. The U.S. price per pound decreased 1.8 cents from the previous week. Nonfat Dry Milk prices received for bag, tote and tanker sales meeting USDA Extra Grade or USPH Grade A standards averaged 90.8 cents per pound for the week ending August 24. The U.S. price per pound increased slightly from the previous week. Dry Whey prices received for bag, tote and tanker sales meeting USDA Extra Grade standards averaged 16.1 cents per pound for the week ending August 24. The U.S. price per pound increased 0.2 cents from the previous week. Cheddar Cheese Prices by Style and Region -------------------------------------------------------------------------------- : Week Ending Style and Region :----------------------------------------------------------- : Aug 24, : Aug 17, : Aug 10, : Aug 3, : Jul 27, : 2002 : 2002 1/ : 2002 1/ : 2002 : 2002 -------------------------------------------------------------------------------- : Dol./Lb. 40 Lb. Blocks : Avg. Price 2/ : MN/WI : 1.1687 1.1612 1.1443 1.0841 1.1027 Oth Sts : 1.1213 1.1195 1.0881 1.0506 1.0678 US : 1.1308 1.1284 1.0999 1.0583 1.0754 : : Pounds Sales Volume 3/ : MN/WI : 1,211,432 1,808,012 1,434,036 1,876,822 1,735,366 Oth Sts : 4,886,215 6,718,425 5,382,115 6,312,823 6,257,474 US : 6,097,647 8,526,437 6,816,151 8,189,645 7,992,840 : : Dol./Lb. 500 Lb. Barrels : Avg. Price 2/ : MN/WI : 1.1834 1.1855 1.1652 1.1054 1.1399 Oth Sts : 1.1868 1.1680 1.1371 1.1332 1.1286 US : 1.1858 1.1725 1.1449 1.1259 1.1326 : Price Adj. to : 38% Moisture : MN/WI : 1.1428 1.1400 1.1182 1.0667 1.0933 Oth Sts : 1.1227 1.1031 1.0727 1.0703 1.0618 US : 1.1286 1.1124 1.0853 1.0694 1.0730 : : Pounds Sales Volume 3/ : MN/WI : 3,396,547 2,922,439 2,998,233 2,795,708 4,242,844 Oth Sts : 7,896,037 8,505,021 7,734,414 7,838,146 7,592,952 US :11,292,584 11,427,460 10,732,647 10,633,854 11,835,796 : : Percent Moisture Content : MN/WI : 35.80 35.52 35.39 35.75 35.36 Oth Sts : 34.46 34.35 34.28 34.36 34.11 US : 34.86 34.65 34.59 34.72 34.56 -------------------------------------------------------------------------------- 1/ Revised. 2/ Prices weighted by volumes reported. 3/ Sales as reported by participating manufacturers. Butter Prices -------------------------------------------------------------------------------- : Week Ending Region :----------------------------------------------------------- : Aug 24, : Aug 17, : Aug 10, : Aug 3, : Jul 27, : 2002 : 2002 : 2002 : 2002 : 2002 -------------------------------------------------------------------------------- : Dol./Lb. Avg. Price 2/ : US : 0.9539 0.9717 1.0259 1.0329 1.0159 : : : Pounds Sales Volume 3/ : US : 4,905,765 3,617,979 4,262,248 3,025,106 3,568,385 -------------------------------------------------------------------------------- 1/ Revised. 2/ Prices weighted by volumes reported. 3/ Sales as reported by participating manufacturers. Nonfat Dry Milk Prices -------------------------------------------------------------------------------- : Week Ending Region :----------------------------------------------------------- : Aug 24, : Aug 17, : Aug 10, : Aug 3, : Jul 27, : 2002 : 2002 : 2002 : 2002 : 2002 -------------------------------------------------------------------------------- : Dol./Lb. Avg. Price 2/ : US : 0.9080 0.9079 0.9104 0.9040 0.9039 : : : Pounds Sales Volume 3/ : US :29,712,379 28,467,570 27,413,809 32,440,498 25,320,503 -------------------------------------------------------------------------------- 1/ Revised. 2/ Prices weighted by volumes reported. 3/ Sales as reported by participating manufacturers. Dry Whey Prices -------------------------------------------------------------------------------- : Week Ending Region :----------------------------------------------------------- : Aug 24, : Aug 17, : Aug 10, : Aug 3, : Jul 27, : 2002 : 2002 1/ : 2002 : 2002 : 2002 -------------------------------------------------------------------------------- : Dol./Lb. Avg. Price 2/ : US : 0.1611 0.1588 0.1543 0.1549 0.1543 : : : Pounds Sales Volume 3/ : US :10,521,257 11,558,370 12,287,182 12,631,244 14,490,348 -------------------------------------------------------------------------------- 1/ Revised. 2/ Prices weighted by volumes reported. 3/ Sales as reported by participating manufacturers. Procedures and Reliability: Price information included in this report is provided each week by manufacturers of these products. Data are collected by fax and electronic mail each week for the previous week. Price information collected is for the (wholesale) point of sale for: 1) Natural, unaged cheddar cheese in 40 pound blocks and 500 pound barrels. 2) Boxes of butter meeting USDA Grade AA standards, 80% butterfat, salted, fresh or storage. 3) USDA Extra Grade edible nonhygroscopic dry whey. 4) USDA Extra Grade and USPH Grade A, nonfortified nonfat dry milk. A transaction is complete when the product is "shipped out" and title transfers. Resales of purchased product, forward pricing and intra-company sales are excluded. Revision Policy: Price data for the prior 4 weeks are subject to revision based on late reports. The next "Dairy Products Prices" report will be released at 8:30 a.m. ET on September 6, 2002. The United States Department of Agriculture (USDA) prohibits discrimination in all its programs on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. 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