Da 2-8 (2-05) Dairy Products Prices National Agricultural Statistics Service USDA Washington, D.C. Released February 25, 2005, 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, office hours 7:30 a.m. to 4:00 p.m. ET. Dairy Products Prices Highlights Cheddar Cheese prices received for US 40 pound Blocks averaged $1.54 per pound for the week ending February 19. The price per pound decreased 7.3 cents from the previous week. The price for US 500 pound Barrels adjusted to 38 percent moisture averaged $1.49 per pound, down 11.7 cents from the previous week. Butter prices received for 25 kilogram and 68 pound boxes meeting USDA Grade AA standards averaged $1.60 per pound for the week ending February 19. The U.S. price per pound increased 0.6 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 90.2 cents per pound for the week ending February 19. The U.S. price per pound increased 0.7 cents from the previous week. Dry Whey prices received for bag, tote and tanker sales meeting USDA Extra Grade standards averaged 24.8 cents per pound for the week ending February 19. The U.S. price per pound decreased 0.1 cent from the previous week. Cheddar Cheese Prices by Style and Region -------------------------------------------------------------------------------- : Week Ending Style and Region :----------------------------------------------------------- : Feb 19, : Feb 12, : Feb 5, : Jan 29, : Jan 22, : 2005 : 2005 1/ : 2005 1/ : 2005 : 2005 -------------------------------------------------------------------------------- : Dol./Lb. 40 Lb. Blocks : Avg. Price 2/ : MN/WI : 1.5518 1.6867 1.7282 1.6778 1.5658 Oth Sts : 1.5347 1.6018 1.6475 1.5925 1.5107 US : 1.5366 1.6093 1.6569 1.6044 1.5187 : : Pounds Sales Volume 3/ : MN/WI : 993,639 830,924 987,725 1,142,609 1,154,307 Oth Sts : 7,749,776 8,585,820 7,515,229 7,014,101 6,863,111 US : 8,743,415 9,416,744 8,502,954 8,156,710 8,017,418 : : Dol./Lb. 500 Lb. Barrels : Avg. Price 2/ : MN/WI : 1.5108 1.6490 1.7637 1.7142 1.5804 Oth Sts : 1.6079 1.7252 1.7277 1.6257 1.5902 US : 1.5724 1.6994 1.7394 1.6511 1.5866 : Price Adj. to : 38% Moisture : MN/WI : 1.4574 1.5914 1.7078 1.6591 1.5203 Oth Sts : 1.5144 1.6205 1.6249 1.5282 1.4972 US : 1.4939 1.6109 1.6514 1.5650 1.5056 : : Pounds Sales Volume 3/ : MN/WI : 3,937,575 3,292,832 3,617,143 3,511,092 3,813,150 Oth Sts : 6,825,840 6,452,233 7,503,076 8,700,051 6,475,529 US :10,763,415 9,745,065 11,120,219 12,211,143 10,288,679 : : Percent Moisture Content : MN/WI : 35.73 35.76 35.97 35.94 35.55 Oth Sts : 34.17 34.00 34.08 34.04 34.15 US : 34.74 34.59 34.69 34.59 34.67 -------------------------------------------------------------------------------- 1/ Revised. 2/ Prices weighted by volumes reported. 3/ Sales as reported by participating manufacturers. Butter Prices -------------------------------------------------------------------------------- : Week Ending Region :----------------------------------------------------------- : Feb 19, : Feb 12, : Feb 5, : Jan 29, : Jan 22, : 2005 : 2005 : 2005 : 2005 : 2005 -------------------------------------------------------------------------------- : Dol./Lb. Avg. Price 2/ : US : 1.6011 1.5947 1.5803 1.5625 1.5632 : : : Pounds Sales Volume 3/ : US : 3,427,050 3,348,582 4,414,166 3,324,356 3,545,906 -------------------------------------------------------------------------------- 1/ Revised. 2/ Prices weighted by volumes reported. 3/ Sales as reported by participating manufacturers. Nonfat Dry Milk Prices -------------------------------------------------------------------------------- : Week Ending Region :----------------------------------------------------------- : Feb 19, : Feb 12, : Feb 5, : Jan 29, : Jan 22, : 2005 : 2005 : 2005 : 2005 : 2005 -------------------------------------------------------------------------------- : Dol./Lb. Avg. Price 2/ : US : 0.9024 0.8957 0.8970 0.8957 0.8976 : : : Pounds Sales Volume 3/ : US :18,913,909 16,601,027 20,193,264 17,914,088 18,373,465 -------------------------------------------------------------------------------- 1/ Revised. 2/ Prices weighted by volumes reported. 3/ Sales as reported by participating manufacturers. Dry Whey Prices -------------------------------------------------------------------------------- : Week Ending Region :----------------------------------------------------------- : Feb 19, : Feb 12, : Feb 5, : Jan 29, : Jan 22, : 2005 : 2005 : 2005 : 2005 : 2005 -------------------------------------------------------------------------------- : Dol./Lb. Avg. Price 2/ : US : 0.2481 0.2491 0.2469 0.2487 0.2455 : : : Pounds Sales Volume 3/ : US :12,152,513 10,759,170 12,669,421 12,792,815 10,702,835 -------------------------------------------------------------------------------- 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 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. (Not all prohibited bases apply to all programs.) 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