Da 2-8 (4-03) Dairy Products Prices National Agricultural Statistics Service USDA Washington, D.C. Released April 4, 2003, 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 $1.07 per pound for the week ending March 29. The price per pound increased 0.4 cents from the previous week. The price for US 500 pound Barrels adjusted to 38 percent moisture averaged $1.06 per pound, up 1.3 cents from the previous week. Butter prices received for 25 kilogram and 68 pound boxes meeting USDA Grade AA standards averaged $1.07 per pound for the week ending March 29. The U.S. price per pound increased 1.4 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 80.3 cents per pound for the week ending March 29. The U.S. price per pound was unchanged from the previous week. Dry Whey prices received for bag, tote and tanker sales meeting USDA Extra Grade standards averaged 15.8 cents per pound for the week ending March 29. The U.S. price per pound decreased 0.3 cents from the previous week. Cheddar Cheese Prices by Style and Region -------------------------------------------------------------------------------- : Week Ending Style and Region :----------------------------------------------------------- : Mar 29, : Mar 22, : Mar 15, : Mar 8, : Mar 1, : 2003 : 2003 1/ : 2003 : 2003 : 2003 -------------------------------------------------------------------------------- : Dol./Lb. 40 Lb. Blocks : Avg. Price 2/ : MN/WI : 1.1024 1.0943 1.0892 1.0481 1.0901 Oth Sts : 1.0624 1.0591 1.0608 1.0639 1.1012 US : 1.0709 1.0665 1.0675 1.0610 1.0991 : : Pounds Sales Volume 3/ : MN/WI : 1,814,436 1,684,973 1,646,679 1,539,961 1,392,084 Oth Sts : 6,795,033 6,337,455 5,344,151 6,714,792 5,815,410 US : 8,609,469 8,022,428 6,990,830 8,254,753 7,207,494 : : Dol./Lb. 500 Lb. Barrels : Avg. Price 2/ : MN/WI : 1.1198 1.1131 1.0901 1.0973 1.1052 Oth Sts : 1.1205 1.1063 1.1018 1.1052 1.1157 US : 1.1202 1.1088 1.0976 1.1024 1.1119 : Price Adj. to : 38% Moisture : MN/WI : 1.0744 1.0693 1.0504 1.0547 1.0689 Oth Sts : 1.0575 1.0417 1.0383 1.0389 1.0521 US : 1.0642 1.0517 1.0425 1.0444 1.0580 : : Pounds Sales Volume 3/ : MN/WI : 4,288,163 3,781,443 3,934,374 4,252,915 4,006,424 Oth Sts : 6,416,851 6,526,581 7,181,772 7,881,724 7,237,199 US :10,705,014 10,308,024 11,116,146 12,134,639 11,243,623 : : Percent Moisture Content : MN/WI : 35.38 35.46 35.66 35.50 35.89 Oth Sts : 34.31 34.16 34.21 34.05 34.25 US : 34.74 34.64 34.72 34.56 34.84 -------------------------------------------------------------------------------- 1/ Revised. 2/ Prices weighted by volumes reported. 3/ Sales as reported by participating manufacturers. Butter Prices -------------------------------------------------------------------------------- : Week Ending Region :----------------------------------------------------------- : Mar 29, : Mar 22, : Mar 15, : Mar 8, : Mar 1, : 2003 : 2003 1/ : 2003 : 2003 : 2003 -------------------------------------------------------------------------------- : Dol./Lb. Avg. Price 2/ : US : 1.0736 1.0598 1.0781 1.0355 1.0229 : : : Pounds Sales Volume 3/ : US : 5,625,916 5,491,141 3,040,080 3,469,957 4,431,109 -------------------------------------------------------------------------------- 1/ Revised. 2/ Prices weighted by volumes reported. 3/ Sales as reported by participating manufacturers. Nonfat Dry Milk Prices -------------------------------------------------------------------------------- : Week Ending Region :----------------------------------------------------------- : Mar 29, : Mar 22, : Mar 15, : Mar 8, : Mar 1, : 2003 : 2003 : 2003 : 2003 : 2003 -------------------------------------------------------------------------------- : Dol./Lb. Avg. Price 2/ : US : 0.8034 0.8034 0.8031 0.8065 0.8091 : : : Pounds Sales Volume 3/ : US :32,968,285 30,767,899 26,756,093 27,706,914 29,109,021 -------------------------------------------------------------------------------- 1/ Revised. 2/ Prices weighted by volumes reported. 3/ Sales as reported by participating manufacturers. Dry Whey Prices -------------------------------------------------------------------------------- : Week Ending Region :----------------------------------------------------------- : Mar 29, : Mar 22, : Mar 15, : Mar 8, : Mar 1, : 2003 : 2003 : 2003 : 2003 : 2003 -------------------------------------------------------------------------------- : Dol./Lb. Avg. Price 2/ : US : 0.1575 0.1601 0.1566 0.1619 0.1629 : : : Pounds Sales Volume 3/ : US :12,738,380 14,530,566 12,574,923 14,517,610 12,715,588 -------------------------------------------------------------------------------- 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 April 11, 2003. 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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