Da 2-8 (2-07) Dairy Products Prices National Agricultural Statistics Service USDA Washington, D.C. Released February 23, 2007, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, U.S. Department of Agriculture. For information on "Dairy Products Prices" call Charmaine Wilson at 202-690-2168, office hours 7:00 a.m. to 4:30 p.m. ET. Dairy Products Prices Highlights Cheddar Cheese prices received for US 40 pound Blocks averaged $1.32 per pound for the week ending February 17. The price per pound increased 2.1 cents from the previous week. The price for US 500 pound Barrels adjusted to 38 percent moisture averaged $1.36 per pound, up 1.0 cent from the previous week. Butter prices received for 25 kilogram and 68 pound boxes meeting USDA Grade AA standards averaged $1.21 per pound for the week ending February 17. The U.S. price per pound decreased 1.3 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 $1.10 per pound for the week ending February 17. The U.S. price per pound increased 0.3 cent from the previous week. Dry Whey prices received for bag, tote and tanker sales meeting USDA Extra Grade standards averaged 61.4 cents per pound for the week ending February 17. The U.S. price per pound increased 3.0 cents from the previous week. Cheddar Cheese Prices by Style and Region -------------------------------------------------------------------------------- : Week Ending Style and Region :----------------------------------------------------------- : Feb 17, : Feb 10, : Feb 3, : Jan 27, : Jan 20, : 2007 : 2007 1/ : 2007 : 2007 : 2007 -------------------------------------------------------------------------------- : Dol./Lb. 40 Lb. Blocks : Avg. Price 2/ : MN/WI : 1.3966 1.3590 1.3470 1.3648 1.3733 Oth Sts : 1.3187 1.2987 1.2940 1.3047 1.3280 US : 1.3240 1.3032 1.2968 1.3090 1.3309 : : Pounds Sales Volume 3/ : MN/WI : 669,870 720,558 572,031 727,056 626,426 Oth Sts : 9,276,485 8,982,624 10,516,243 9,308,933 9,385,773 US : 9,946,355 9,703,182 11,088,274 10,035,989 10,012,199 : : Dol./Lb. 500 Lb. Barrels : Avg. Price 2/ : MN/WI : 1.4288 1.4239 1.4079 1.4042 1.4076 Oth Sts : 1.4349 1.4295 1.4158 1.4171 1.4138 US : 1.4325 1.4275 1.4128 1.4124 1.4114 : Price Adj. to : 38% Moisture : MN/WI : 1.3769 1.3718 1.3553 1.3512 1.3571 Oth Sts : 1.3478 1.3365 1.3258 1.3240 1.3191 US : 1.3591 1.3487 1.3368 1.3337 1.3337 : : Pounds Sales Volume 3/ : MN/WI : 4,808,567 4,500,204 4,512,440 4,535,121 5,455,893 Oth Sts : 7,411,859 8,250,095 7,430,754 7,875,428 8,456,770 US :12,220,426 12,750,299 11,943,194 12,410,549 13,912,663 : : Percent Moisture Content : MN/WI : 35.66 35.65 35.59 35.57 35.69 Oth Sts : 33.99 33.69 33.80 33.64 33.55 US : 34.65 34.38 34.47 34.34 34.39 -------------------------------------------------------------------------------- 1/ Revised. 2/ Prices weighted by volumes reported. 3/ Sales as reported by participating manufacturers. Butter Prices -------------------------------------------------------------------------------- : Week Ending Region :----------------------------------------------------------- : Feb 17, : Feb 10, : Feb 3, : Jan 27, : Jan 20, : 2007 : 2007 : 2007 : 2007 : 2007 -------------------------------------------------------------------------------- : Dol./Lb. Avg. Price 2/ : US : 1.2088 1.2221 1.2204 1.2143 1.1976 : : : Pounds Sales Volume 3/ : US : 4,785,875 3,990,104 4,206,658 3,910,398 2,896,821 -------------------------------------------------------------------------------- 1/ Revised. 2/ Prices weighted by volumes reported. 3/ Sales as reported by participating manufacturers. Nonfat Dry Milk Prices -------------------------------------------------------------------------------- : Week Ending Region :----------------------------------------------------------- : Feb 17, : Feb 10, : Feb 3, : Jan 27, : Jan 20, : 2007 : 2007 : 2007 : 2007 : 2007 -------------------------------------------------------------------------------- : Dol./Lb. Avg. Price 2/ : US : 1.0974 1.0945 1.0796 1.0872 1.0902 : : : Pounds Sales Volume 3/ : US :20,060,506 18,424,632 22,960,702 18,339,583 19,956,100 -------------------------------------------------------------------------------- 1/ Revised. 2/ Prices weighted by volumes reported. 3/ Sales as reported by participating manufacturers. Dry Whey Prices -------------------------------------------------------------------------------- : Week Ending Region :----------------------------------------------------------- : Feb 17, : Feb 10, : Feb 3, : Jan 27, : Jan 20, : 2007 : 2007 1/ : 2007 : 2007 : 2007 -------------------------------------------------------------------------------- : Dol./Lb. Avg. Price 2/ : US : 0.6141 0.5842 0.5338 0.4838 0.4760 : : : Pounds Sales Volume 3/ : US :12,409,033 13,280,128 9,129,811 11,774,613 12,946,698 -------------------------------------------------------------------------------- 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. 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