WEEK OF JULY 29 - AUGUST 2, 2024
DAIRY MARKET NEWS
VOLUME 91, REPORT 31
DAIRY MARKET NEWS AT A GLANCE
CME GROUP CASH MARKETS (8/2)
BUTTER: Grade AA closed at $3.1050. The weekly average for
Grade AA is $3.1100 (+0.0255).
CHEESE: Barrels closed at $1.9300 and 40# blocks at $1.8500. The
weekly average for barrels is $1.9635 (+0.0035) and blocks $1.9125
(-0.0085).
NONFAT DRY MILK: Grade A closed at $1.2400. The weekly
average for Grade A is $1.2425 (+0.0195).
DRY WHEY: Extra grade dry whey closed at $0.6100. The weekly
average for dry whey is $0.6090 (+0.0680).
BUTTER HIGHLIGHTS: In the West, domestic butter demand
varies from somewhat stronger to slightly weaker for both the retail
and food service sectors. For the Central and East regions, domestic
butter demand is steady from the retail sector, while demand from
the food sector is lighter. Cream is tightening throughout the
country. Butter manufacturers indicate mixed demand for cream.
Stakeholders convey some Central region butter churns are utilizing
cream sourced from the West. Butter production schedules are
mixed. Some manufacturers indicate bulk production lines are
especially light, but also within anticipated seasonal trends and
comfortable. Bulk butter overages range from minus 3 to 10 cents
above market, across all regions.
CHEESE HIGHLIGHTS:
Cheese production schedules are
trending steady to lighter throughout the U.S. Contacts in the East
relay lighter cheese production schedules due to tightening milk
availability. Retail and foodservice demands are steady.
Cheesemakers in the Central region are running active production
schedules. Cheese inventories are tighter in the Central region. Spot
milk prices ranged from flat to $2-over Class III. Cheese
manufacturing is seasonally weaker in the West. Spot milk
availability is overall tighter in the region. Spot cheese loads are
available for spot buyers, but contacts share some contractual
commitments are behind lead times. The NASS Cold Storage report
for June showed total natural cheese stocks were down 1 percent
from May and down 6 percent from June 2023.
FLUID MILK:
Milk volumes are seasonally trending lower
across most regions of the United States. Over most of the country,
high temperatures and humidity are pressing milk volumes lower.
Lower volumes stretch from the Northeast and down the Atlantic
Coast. Some larger farms in Florida are seeing more steady
volumes, while other parts of the state are seeing steep declines.
Most of the West is dealing with lighter milk production with the
Pacific Northwest conveying a slight increase. Demand for all
Classes in the West has not changed and is steadily soaking up any
multiples available. The Midwest is not immune to the doldrums of
summer. Farm level milk continues to decline as the summer
temperatures climb. Spot milk in the Midwest is scarce and
becoming more difficult to find. Class I demand is ticking up as
regions prepare for school to start in the coming weeks. The same
can be said for cream and condensed skim milk. All regions of the
country are experiencing strong demand and tight availability for
cream and condensed skim milk. Some requests for condensed skim
milk in the West could not be filled for lack of available stock. Class
IV demand for cream is strong with butter makers as they keep busy
production schedules. Class II and III demands are steady. Cream
multiples for all Classes are 1.30 - 1.50 in the East, 1.22 - 1.39 in the
Midwest, and 1.18 - 1.37 in the West.
DRY PRODUCTS: Low/medium nonfat dry milk prices moved
higher. Stakeholders indicate spot availability is much tighter in the
southwest portion of the country. High heat nonfat dry milk prices
also moved higher. Stakeholders note stocks are on the tight end.
Dry buttermilk prices on the Central/East and West regions’ price
ranges were mostly unchanged this week.
CONTINUED ON PAGE 1A
TABLE OF CONTENTS
Product Highlights/CME/DMN at a Glance 1 Dry Whey/WPC 34%/Lactose/Casein 6 July Final Class Prices 13
Weekly CME Cash Trading/Butter Markets 2 U.S Dairy Cow Slaughter/Class Milk Prices/NDPSR/Futures 7 Dairy Graphs G1
Cheese Markets 3 International Dairy Market News 8 National Retail Report – Dairy
Fluid Milk and Cream 4 DMN July Monthly Averages 9 Dairy Market News Contacts
Nonfat Dry Milk/Dry Buttermilk/Dry Whole Milk 5 June Agricultural Prices 12
DAIRY MARKET NEWS PRICE SUMMARY FOR JULY 29 - AUGUST 2
,
2024
PRICES
(
$/LB
)
& CHANGES FROM PREVIOUS PUBLISHED PRICES
Commodit
y
Ran
g
e Mostl
y
Commodit
y
Ran
g
e Mostl
y
Commodit
y
Ran
g
e Mostl
y
NDM DRY BUTTERMILK LACTOSE
Central Low/Med. Heat 1.1650 1.2500 1.1800 1.2200 Central/East 1.0800 1.1800 Central/West 0.2400 0.4250 0.3000 0.3725
Change N.C. 0.0300 0.0050 0.0200 Change N.C. N.C. Change 0.0125 N.C. N.C. N.C.
Central High Heat 1.2900 1.3300 West 1.1200 1.2000 1.1400 1.1700
WPC 34%
Change N.C. 0.0100 Change -0.0100 N.C. -0.0100 -0.0100 Central/West 0.8800 1.1400 0.9300 1.0100
West Low/Med. Heat 1.1600 1.2750 1.1800 1.2300
DRY WHEY
Change N.C. N.C. N.C. N.C.
Change 0.0300 0.0450 0.0350 0.0150 Central 0.4300 0.5600 0.4500 0.5200
CASEIN
West High Heat 1.2450 1.4200 Change 0.0200 0.0200 0.0200 0.0200 Rennet 3.4000 3.8000
Change 0.0050 0.0600 West 0.4600 0.5600 0.4800 0.5200 Change N.C. N.C.
DRY WHOLE MILK
Change 0.0200 0.0400 0.0100 0.0200 Acid 3.7000 4.1000
National 2.1800 2.3800 Northeast 0.4400 0.5125 Change N.C. N.C.
Change 0.0100 0.0100 Change 0.0050 0.0050
ANIMAL FEED WHEY
Central 0.3200 0.3600
Change N.C. N.C.
DAIRY MARKET NEWS PRICE SUMMARY FOR JULY 22 - AUGUST 2
,
2024
PRICES
(
$/MT
)
& CHANGES FROM PREVIOUS PUBLISHED PRICES
Commodit
y
Ran
g
e
Commodit
y
Ran
g
e
Commodit
y
Ran
g
e
SMP WHOLE MILK POWDER BUTTER
Europe 2450 2675 Europe 4175 4350 W. Europe 7200 7550
Change -25 -50 Change 50 25 Change 100 75
Oceania 2525 2650 Oceania 3075 3225 Oceania 6525 8500
Change N.C. N.C. Change N.C. -75 Change N.C. N.C.
S. America 3300 3400 S. America 3650 3800
BUTTEROIL
Change N.C. N.C. Change -50 N.C. W. Europe 8175 8850
DRY WHEY
Change 250 100
W. Europe 675 1125
CHEDDAR CHEESE
Change N.C. N.C. Oceania 4300 4350
Change N.C. N.C.
WEEK OF JULY 29 - AUGUST 2, 2024 DAIRY MARKET NEWS VOLUME 91, REPORT 31
DAIRY MARKET NEWS AT A GLANCE
CONTINUED FROM PAGE 1
Domestic demand is indicated as weak outside of contracted loads.
Dry whole milk had slight upward price movement. Inventories
continue to be tight. Dry whey prices climbed upward across all
regions. Dry whey availability is tight. Whey protein concentrate
(WPC) 34% prices are unchanged. Domestic demand for WPC 34%
continues to be weak. Lactose prices were mostly steady. Lactose
production is limited with seasonally lighter milk intakes. Acid and
rennet casein prices held steady. Demands are mixed.
INTERNATIONAL DAIRY MARKET NEWS: WEST
EUROPE: Although EU milk output is generally above last year’s
volume for the first five months of the year, weekly milk collections
are seasonally decreasing. As milk volumes fade in the summer heat,
cream has also become less available. Industry sources say cream
prices have risen and so has demand for the fresh market products
that use cream. As the summer holidays end, market participants
expect a rise in demand for most dry dairy ingredients, butter, and
cheese. The monthly weighted average price for EU 27 farmgate
milk has stayed near 46 euros per 100 kg for much of the first half
of the year, with most of the EU 27 countries having a pay price
between 40 and 50 euros per 100 kg in the month of June. Current
weekly milk spot prices in the upper 50 euros per 100 kg are
common. While the higher milk pay prices and the lower feed costs
have helped farmer finances improve, lower numbers of dairy cows
on the continent and tight supplies of replacement heifers have
slowed the potential growth of milk output in some regions of
Europe. EAST EUROPE: Milk production in East Europe
continues to grow year over year, even as seasonal milk output
slows. Decreases in feed costs, coupled with consistently supportive
milk pay prices have help maintain farm financials, leading to
expanded milk production. The May farm milk pay price in Poland
was 46.34 euros/ 100 kg compared to 45.90 euros/100 kg across the
EU 27.
AUSTRALIA: In Australia, farmgate milk prices for the 2024 -
2025 season were cut by around 15 percent from several processors,
amid increasing competition from imported dairy products. A
spokesperson for a dairy farming group within Australia stated input
costs have increased in recent years and lower milk prices will add
further pressure on dairy producers, which could drive more dairy
farmers out of the market. A representative from a processor within
the country noted lower priced butter and cheese imported into
Australia is negatively impacting sales within Australia. NEW
ZEALAND: Milk production data from New Zealand for June 2024
was recently released. This data showed total June 2024 production
was down 1.1 percent on a tonnage basis compared to a year earlier.
Export data for June 2024 was recently released for New Zealand.
This data showed a combined 10 percent decrease in value for milk
powder, butter, and cheese exported in June 2024 compared to June
2023. A group in New Zealand, which forecasts dairy production, is
forecasting the volume of milk solids produced in New Zealand in
July to decline by 0.2 percent from 2023, but they anticipate the
volume of milk solids produced in the country to increase compared
to last year from August through October.
SOUTH AMERICA: Substantial seasonal increases in milk
production are yet to be detected in South America. Contacts
suggest favorable weather conditions for cow comfort will spark
increases in milk production in the near term. According to the
USDA Foreign Agriculture Service (FAS) Argentine Grain and Feed
Update published last week, corn production in marketing year
2024/2025 is projected at 49 million tons, 2 million tons lower than
USDA estimates due to smaller planted acreage. Corn exports
remain nearly unchanged at 35.5 million tons. Another FAS report
released in July detailed the adverse effects of inflation on the
Argentine dairy industry. Total milk production for 2024 is expected
to fall 7 percent from 11.7 million tons in 2023 to 10.8 million tons.
Rising prices for dairy products have changed purchasing behavior,
and domestic fluid milk consumption for 2024 is forecast to fall 7
percent from 2024. Inflation and currency devaluation have
prompted traders in Argentina to question whether to preserve stocks
or trade on an international scale due to the competitiveness of
current domestic price points.
NATIONAL RETAIL REPORT: The week 31 retail ad survey
contained 8 percent more conventional dairy ads, compared to the
prior week, while the number of organic dairy ads grew by 262
percent. The most advertised conventional commodity this week
was cheese, despite a 7 percent decline in total ads from last week.
The most advertised organic commodity in week 31 was milk, for
which ads increased by 800 percent.
JUNE AGRICULTURAL PRICES HIGHLIGHTS (NASS):
The All Milk price received by farmers was $22.80 in June, up
$5.00 from June 2023. The alfalfa hay price was $195.00 in June,
down $68.00 from June 2023. The corn price was $4.48 in June,
down 2.01 from June 2023. The soybean price was $11.80 in June,
down $2.40 from June 2023. The milk-feed price ratio was 2.36 in
June, up 1.01 from June 2023. The index of prices received by
farmers for dairy products during the month of June 2024 was up
3.9 to 113.4. Compared to June 2023, the index was up 24.8 points
(+28.0 percent). The index of prices paid by farmers for
commodities and services, interest, taxes, and wage rates in June
2024 was 139.6 was down 0.3 from May 2024. Compared with June
2023, the index was down 0.2 (-0.1 percent).
JULY FINAL CLASS PRICES (FMMO): The following are
the July 2024 class prices under the Federal milk order pricing
system and changes from the previous month: Class II: $21.82
($+0.22), Class III: $19.79 ($-0.08), and Class IV: $21.31 ($+0.23).
Under the Federal milk order pricing system, the butterfat price for
July 2024 is $3.5720 per pound. Thus, the Class II butterfat price is
$3.5790 per pound. The protein and other solids prices for July 2024
are $1.9466 and $0.2571 per pound, respectively. These component
prices set the Class III skim milk price at $7.55 per cwt. The July
2024 Class IV skim milk price is $9.13, which is derived from the
nonfat solids price of $1.0149 per pound. The product price
averages for July 2024 are: butter $3.1211, nonfat dry milk $1.1930,
cheese $1.9717, and dry whey $0.4487.
NOTICE: The U.S. Department of Agriculture (USDA), on July 1,
2024, issued a Recommended Decision on its website proposing to
amend the pricing provisions in the 11 Federal milk marketing orders
(FMMOs). For more information, visit: https://www.ams.usda.gov/
rules-regulations/moa/dairy/hearings/national-fmmo-pricing-hearing
The official version of the recommended decision was published
July 15, 2024 in the Federal Register. The deadline for comments is
September 13, 2024. USDA is under ex parte until a final decision is
published, so the FMMO Hearing Team is unable to respond to
substantive questions. For any process-related questions, please
email [email protected].
NOTICE: USDA Commodity Procurement has issued solicitations for
the following dairy products:
Cheddar Cheese: The solicitation number is 2000010263 and runs
from July 26, 2024, to August 9, 2024.
Solicitation documents, including the bid invitation, are available
online at the following website:
https://www.ams.usda.gov/selling-food/solicitations under the Dairy
Products tab.
CONTINUED ON PAGE 1B
-1A-
WEEK OF JULY 29 - AUGUST 2, 2024 DAIRY MARKET NEWS VOLUME 91, REPORT 31
DAIRY MARKET NEWS AT A GLANCE
CONTINUED FROM PAGE 1A
NOTICE: On July 24, the USDA announced a pre-solicitation
announcement for 2% milk and cheddar cheese. To see the pre-
solicitation announcement, visit: https://www.ams.usda.gov/content/
pre-solicitation-announcement-purchase-various-dairy-and-poultry-
products. In a prior pre-solicitation notice issued July 12, the USDA
announced plans to purchase Swiss Cheese, Instant Nonfat Dry Milk
(NDM) and Ultra-High Temperature (UHT) milk for distribution to
various food nutrition assistance programs. To view this pre-
solicitation notice, visit: https://www.ams.usda.gov/content/pre-
solicitation-announcement-section-32-purchase-dairy-products-1
Solicitations will be issued in the near future and will be available
electronically through the Web-Based Supply Chain Management
(WBSCM) system. ( https://www.usda.gov/topics/food-and-
nutrition/web-based-supply-chain-management ) All future
information regarding this acquisition, including solicitation
amendments and award notices, will be published through WBSCM
and on the Agricultural Marketing Service's website.
USDA MARKET NEWS MOBILE APP: The free USDA Market
News app is available in both IOS and Android versions and may be
downloaded through the Apple and Google Play stores. Search for
“USDA Market News Mobile Application” to download the app and
begin exploring its potential. The app allows the user to customize the
commodity areas and market types they wish to see. All Dairy Market
News reports that are available online are also available through the
mobile app.
-1B-
DAIRY MARKET NEWS, JULY 29 - AUGUST 2, 2024 -2- VOLUME 91, REPORT 31
COMMODITY
MONDAY
Jul 29
TUESDAY
Jul 30
WEDNESDAY
Jul 31
THURSDAY
Aug 01
FRIDAY
Aug 02
::
WEEKLY
CHANGE
::
WEEKLY
AVERAGE
CHEESE
BARRELS $1.9750 $1.9875 $1.9750 $1.9500 $1.9300 :: :: $1.9635
40 POUND BLOCKS
(+0.0050)
$1.9500
(+0.0125)
$1.9500
(-0.0125)
$1.9150
(-0.0250)
$1.8975
(-0.0200)
$1.8500
::
::
(-0.0400) ::
::
(+0.0035)
$1.9125
(+0.0200) (N.C.) (-0.0350) (-0.0175) (-0.0475) :: (-0.0800) :: (-0.0085)
NONFAT DRY MILK
GRADE A $1.2400 $1.2475 $1.2450 $1.2400 $1.2400 :: :: $1.2425
(+0.0075) (+0.0075) (-0.0025) (-0.0050) (N.C.) :: (+0.0075) :: (+0.0195)
BUTTER
GRADE AA $3.0875 $3.1025 $3.1275 $3.1275 $3.1050 :: :: $3.1100
(-0.0025) (+0.0150) (+0.0250) (N.C.) (-0.0225) :: (+0.0150) :: (+0.0255)
DRY WHEY
EXTRA GRADE $0.5700 $0.6200 $0.6200 $0.6250 $0.6100 :: :: $0.6090
(N.C.) (+0.0500) (N.C.) (+0.0050) (-0.0150) :: (+0.0400) :: (+0.0680)
NOTICE: Five days of trading information can be found at www.cmegroup.com/trading/agricultural/spot-call-data.html
Prices shown are in U.S. dollars per lb. in carlot quantities. Carlot unit weights: CHEESE, 40,000-44,000 lbs.; NONFAT DRY MILK, 41,000-45,000 lbs.; BUTTER, 40,000-43,000 lbs; DRY
WHEY, 41,000-45,000 lbs. Weekly Change is the sum of Daily Price Changes. Weekly Average is the simple average of the Daily Cash Close prices for the calendar week. Weekly Average
Change is the difference between current and previous Weekly Average. Computed by Dairy Market News for informational purposes. This data is available on the Internet at
WWW.AMS.USDA.GOV/MARKET-NEWS/DAIRY
BUTTER MARKETS
EAST
Butter production has continued in the East, with butter makers adjusting
churning schedules to better match cream availability. Cream spot loads
have tightened in the East and there are reports of loads making their way
from region to region. Contacts report butter supplies are available, and
inventories are said to be comfortable. Butter demand is steady to lighter as
retail customers continue to buy at the same rate, but food service demand
has gotten lighter. Restaurant and bakery owners are experiencing higher
prices for the components of their products and those are being passed on to
the consumer. Butter prices on the CME closed at $3.0900 last Friday and
have pushed up to $3.1025 as of report publishing time.
Prices for: Eastern U.S., All First Sales, F.O.B., Grade AA, Conventional,
and Edible Butter
Bulk Basis Pricing - 80% Butterfat $/LB: +0.0500 - +0.1000
CENTRAL
Contacts in the Central region report demand for butter from retail
purchasers is steady, though food service sales are softening. While week to
week butter sales are steady, contacts note that retail butter purchasers have
been ordering more butter compared to this time last year. Spot loads of
salted butter are available for purchasing in the Central region, but contacts
report inventories of unsalted butter are tighter. Cream volumes continue to
tighten in the Central region as milk production is declining. Butter makers
say they are utilizing cream to run busy production schedules, and some say
they continue to source cream from the West to keep their churns active.
Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional,
and Edible Butter
Bulk Basis Pricing - 80% Butterfat $/LB: +0.0100 - +0.0700
WEST
Butter production is generally weakening in the West. Some manufacturers
indicate bulk production lines are especially light. However, manufacturers
also convey production paces are within anticipated seasonal trends and
comfortable. Some butter producers note continuing to build inventory
allocated to cover anticipated Q4 demands. Cream is tight in the region.
Butter makers indicate mixed demand for cream. Stakeholders convey retail
butter loads are widely available, while bulk butter loads are much more
limited. Industry participants describe stocks as comfortable. Domestic
demand varies from somewhat stronger to slightly weaker. The CME butter
price for today was $3.1275, compared to $3.0900 last Wednesday.
Prices for: Western U.S., All First Sales, F.O.B., Grade AA, Conventional,
and Edible Butter
Bulk Basis Pricing - 80% Butterfat $/LB: -0.0300 - +0.0300
DAIRY MARKET NEWS, JULY 29 - AUGUST 2, 2024
-3-
VOLUME 91, REPORT 31
CHEESE MARKETS
EAST
Cheese production has slowed slightly in the East. This slowdown in
production tracks with the tightening milk availability in the region.
Seasonally high temperatures continue to impact cow comfort and
milk production trends. Spot milk remains sought after across the
East and the demand for Class III milk is steady. Cheese supplies in
the East are steady and cold storage inventories remained level for
the month of June. Cheese demand remains steady, and customers
have supply available to them. Cheese suppliers share retail and
foodservice demand has also been steady. From last week's trading
on the CME, the weekly average price for cheese barrels was
$1.9600, and cheese blocks was $1.9210. As of the publication of
this report, the Tuesday closing prices for cheese barrels are up
+$0.0175 and cheese blocks are up +$0.0200 when compared to the
close from last Friday.
CENTRAL
Stakeholders in the Central region say retail demand for cheese is
steady but note soft interest for cheese from food service purchasers.
Export demand for cheese is steady. On the CME, cheese barrel pric-
es were $1.9750 as of reporting, unchanged from last Wednesday.
Meanwhile, 40 pound block cheese prices declined by 2.5 cents since
last Wednesday. Cheese inventories are somewhat tight in the Cen-
tral region. The NASS Cold Storage report for June showed total
natural cheese stocks on June 30th were down 1 percent from May
and down 6 percent from prior year levels. Cheesemakers say they
are running active schedules, though some note tightening milk
availability is contributing to lighter cheese production compared to
previous weeks. Reported Class III milk prices in the Central region
range from flat to $2.00-over Class. During week 31 of 2023, spot
milk prices ranged from $6-under to flat Class III.
WEST
Cheese production is seasonally weakening in the West. Class III
milk demand is strong from cheese manufacturers. However, spot
milk availability is tighter to various degrees throughout the region.
A few manufacturers indicate production schedules are heavily cov-
ering contractual obligations. That said, stakeholders indicate loads
are generally available for spot buyers, but some contractual commit-
ments are behind lead times. According to the latest Cold Storage
Report by National Agricultural Statistics Service (NASS) the U.S.
total natural cheese holdings for June 2024 were 11.174 million
pounds lower than for May 2024. Domestic demand varies from
steady to lighter.
FOREIGN
Industry sources note European cheese demand varies from steady to
lighter for the retail sector, while interest from the food service sector
is mixed. That said, stakeholders generally indicate comfortability
with current demands. Distributors note retail and food service de-
mands in southern Europe are in line with seasonal trends. Industry
sources note strong or steady interest from international buyers. Eu-
ropean cheese manufacturers relay mixed availability of stock for
spot buyers. European cheese production is lighter, along with sea-
sonally weaker European milk production. In Germany, handlers
convey recent 2024 year-over-year milk output comparisons to 2023
show marginal improvement. In France, handlers convey week-over-
week milk production decreases have been more pronounced recent-
ly. Stakeholders describe market tones as stable.
COLD STORAGE
Butter Cheese
07/29/2024:
07/01/2024:
Change:
% Change:
75,474
81,905
(6,431)
(9)
71,857
72,038
(181)
0
DAIRY MARKET NEWS, JULY 29 – AUGUST 2, 2024 -4- VOLUME 91, REPORT 31
FLUID MILK AND CREAM
EAST
Farm level milk production varies throughout the East region.
Contacts in the Northeast share farm level milk outputs are steady to
lighter week over week. High temperatures and humidity have
adversely affected cow comfort. Areas of northern Vermont and
New Hampshire are seeing heavy rain and flooding, which has
caused various road closures and damage to infrastructure. Contacts
share spot loads of cream and condensed skim have tightened in
recent weeks. Class I and IV processing remains light. Demand from
Class II and III processors is in line with recent weeks. Contacts in
the Mid-Atlantic share farm level milk outputs are overall lighter
week over week. Condensed skim spot availability has tightened.
Contacts share spot cream loads are scarce. Class II processing is
seasonally steady. Demand for all other Classes is unchanged.
Contacts in the Southeast and Florida share variable milk
production. Areas with higher milk cow density are seeing
seasonally steady milk production, while other areas are seeing
steeper week over week declines in milk output. Contacts share
demand for all Classes is in line with recent weeks. The All-Class
and Class II cream multiples ranges were unchanged.
Northeastern U.S., F.O.B. Condensed Skim
Price Range - Class II, $/LB Solids:
Price Range - Class III, $/LB Solids:
1.25 - 1.30
1.01 - 1.06
Northeastern U.S., F.O.B. Cream
Price Range - All Classes, $/LB Butterfat:
Multiples Range - All Classes:
Price Range - Class II, $/LB Butterfat:
Multiples Range - Class II:
4.0099 - 4.6268
1.3000 - 1.5000
4.2258 - 4.6268
1.3700 - 1.5000
MIDWEST
Milk output has continued to decline seasonally in the Central
region. Contacts report cow comfort has been negatively impacted
in parts of the Central region by high temperatures in recent weeks.
Class I milk demand is starting to pick up as processors are
preparing for educational institutions to resume operations. Contacts
report Class III milk demand is strong and that spot volumes are
becoming more difficult to find. Class III milk prices in the Central
region range from flat to $2-over Class. Class II demand is steady.
Contacts report cream volumes are tightening in the region. Spot
demand for cream is strong as butter makers are purchasing loads to
run busy production schedules. Condensed skim milk volumes are
tight in the Central region and stakeholders say demand is steady.
Price Range - Class III Milk; $/CWT; Spot Basis: 0.00 - 2.00
Trade Activity: Active
Midwestern U.S., F.O.B. Cream
Price Range - All Classes; $/LB Butterfat:
Multiples Range - All Classes:
Price Range - Class II, $/LB Butterfat:
Multiples Range - Class II:
3.7631 - 4.2875
1.2200 - 1.3900
3.9790 - 4.2875
1.2900 - 1.3900
WEST
Milk production in California is seasonally lighter. However, some
processors indicate week-over-week milk production changes are
beginning to somewhat stabilize. Handlers convey preliminary
records indicate July 2024 year-over-year milk output is down
compared to July 2023
and below anticipated volumes. Stakeholders
note spot milk availability is limited. Manufacturers indicate milk
volumes are comfortable compared to plant capacities. All Class
demands are unchanged. In Arizona, farm level milk output is
trending weaker. Stakeholders note availability of spot milk is
extremely tight in the state. All Class demands are steady. In New
Mexico, milk production is lighter. Processors indicate current farm
level milk output volumes in the state are keeping spot availability
tight. All Class manufacturing demands are steady. Some handlers
in the Pacific Northwest convey in-network farm level milk output
volumes have recently increased slightly. However, availability of
spot milk remains in line with recent weeks for the Pacific
Northwest. Demands are steady for all Classes. Milk production
continues to be lighter in the mountain states of Idaho, Utah, and
Colorado. Manufacturers indicate milk volumes are adequately
accommodating production needs. New facilities coming online in
Idaho during late Q2/early Q3 have increased overall processing
capacity in the state. Demands for all Classes are steady. Cream is
tight throughout the region. Cream demand is mixed. Cream
multiples contracted somewhat this week. Condensed skim milk
demand is strong. Condensed skim milk availability is tight. Some
stakeholders convey requests could not be accommodated due
demand exceeding available stocks.
Western U.S., F.O.B. Cream
Price Range - All Classes; $/LB Butterfat:
Multiples Range - All Classes:
Price Range - Class II, $/LB Butterfat:
Multiples Range - Class II:
3.6397 - 4.2258
1.1800 - 1.3700
3.8248 - 4.2258
1.2400 - 1.3700
DAIRY MARKET NEWS, JULY 29 - AUGUST 6, 2024 -5- VOLUME 91, REPORT 31
NONFAT DRY MILK, BUTTERMILK & W
HOLE MILK
Prices represent carlot/trucklot quantities for domestic and export sales packaged in 25 kg. or 50 lb. bags, or totes, spray process, dollars per pound.
NONFAT DRY MILK - CENTRAL AND EAST
Central and East region low/medium heat nonfat dry milk (NDM)
prices moved higher in most facets this week, with only the bottom of
the price range holding steady. Domestic demand for low/medium
heat NDM is steady,
though some contacts note increased calls from
spot purchasers interested in loads
this week. Inventories of low/
medium heat NDM have continued to tighten in the Central and East
regions. Contacts report tighter spot availability for low/medium heat
NDM has contributed to CME prices rising above $1.2400 for the
first time since February 2023. Plant managers report condensed skim
milk is tight, limiting low/medium heat NDM production. High heat
NDM prices increased at the top of the range, while the bottom was
unchanged. Contacts report demand for high heat NDM is light. High
heat NDM inventories are tight as production remains limited.
Prices for: Eastern and Central U.S., All First Sales, F.O.B., Extra Grade & Grade A,
Conventional, and Edible Nonfat Dry Milk
Price Range - Low & Medium Heat; $/LB: 1.1650 - 1.2500
Mostly Range - Low & Medium Heat; $/LB: 1.1800 - 1.2200
Prices for: Eastern and Central U.S., All First Sales, F.O.B., Extra Grade & Grade A,
Conventional, and Edible Nonfat Dry Milk
Price Range - High Heat; $/LB: 1.2900 - 1.3300
NONFAT DRY MILK - WEST
Low/medium heat nonfat dry milk (NDM) prices moved higher
across all facets of the range and mostly price series in the West.
Domestic demand varies from stronger to steady. Some sellers
indicate interest from buyers in Mexico is picking up. Stakeholders
convey spot load availability is much tighter for most of the
southwest portion of the region compared to elsewhere in the West
region. Production schedules are seasonally lighter, and some skim
milk powder production has taken the place of NDM production.
High heat NDM prices also moved higher. Demand is stronger and
availability is not abundant. Production schedules are mixed.
Prices for: Western U.S., All First Sales, F.O.B., Extra Grade & Grade A,
Conventional, and Edible Nonfat Dry Milk
Price Range - Low & Medium Heat; $/LB:
Mostly Range - Low & Medium Heat; $/LB:
1.1600 - 1.2750
1.1800 - 1.2300
Prices for: Western U.S., All First Sales, F.O.B., Extra Grade & Grade A,
Conventional, and Edible Nonfat Dry Milk
Price Range - High Heat; $/LB: 1.2450 - 1.4200
DRY BUTTERMILK - CENTRAL AND EAST
The Central and East dry buttermilk price range held steady this
week. Due to quiet demand, dry buttermilk inventories are steady, and
producers are filling spot load requests when they have inventory
available. Drying schedules are keeping up with liquid buttermilk
supply. Smaller volumes of liquid buttermilk are being sent to dryers
as butter makers have slowed their churns to match tightening cream
supplies. Cream volumes continue to tighten throughout the Central
and East as heat has affected cow comfort and milk production.
Butter contacts state that spot loads of cream are a rarity and contract
cream is the primary source of their current production.
Prices for: Eastern and Central U.S., All First Sales, F.O.B., Conventional, and Edible
Buttermilk
Price Range ; $/LB: 1.0800 - 1.1800
DRY BUTTERMILK - WEST
In the West, dry buttermilk prices are unchanged for the top end of
the range. The bottom end of the range and both ends of the mostly
price series moved 1 cent lower. Stakeholders indicate domestic
demand is weak outside of contracted loads. Export demand is
moderate. Although some manufacturers have production heavily
committed to contracted obligations, loads are available to meet
immediate needs of buyers. However, stocks are not abundant either.
Less liquid and condensed buttermilk is available for drying with
butter churning activity generally decreasing. Dry buttermilk
production schedules are seasonally lighter.
Prices for: Western U.S., All First Sales, F.O.B., Conventional, and Edible Buttermilk
Price Range ; $/LB:
Mostly Range - ; $/LB:
1.1200 - 1.2000
1.1400 - 1.1700
DRY WHOLE MILK
The dry whole milk price range inched higher this week. Farm level
milk outputs continue to trend lighter throughout the country. The
amount of whole milk available for drying has tightened week over
week. Drying activity is largely unchanged from recent weeks as spot
milk availability is limited. Inventories remain tight. Processors
continue to relay they are prioritizing contractual fulfillment over
building spot inventory when possible.
Prices for: U.S., All First Sales, F.O.B., Conventional, and Edible Dry Whole Milk
Price Range - 26% Butterfat; $/LB: 2.1800 - 2.3800
DAIRY MARKET NEWS, JULY 29 - AUGUST 2 , 2024
-6-
VOLUME 91, REPORT 31
WHEY, WPC 34%, LACTOSE & CASEIN
Prices represent carlot/trucklot quantities for domestic and export sales packaged in 25 kg. or 50 lb. bags, or totes, spray process, dollars per pound.
DRY WHEY– CENTRAL
In the Central region, dry whey prices moved higher across the range
and mostly price series this week. Contacts report spot inventories are
tight, and some purchasers note they are having difficulty finding
loads to meet their current needs. Dry whey demand has picked up in
recent weeks; contacts report demand has been strong for brand
preferred loads of dry whey during the summer months, but more
interchangeable loads of dry whey have seen a notable increase in
demand recently. Prices for dry whey have increased on the CME by
8 cents, since last Wednesday pushing up to 62 cents, as of reporting.
Seasonally declining milk output is impacting whey streams, and
plant managers say they continue to focus production on higher whey
protein concentrates and permeate. These factors have both
contributed to lighter dry whey production in recent weeks. Prices for
animal feed whey were unchanged this week.
Prices for: Central U.S., All First Sales, F.O.B., , Conventional, and Non-Edible Dry
Whey
Price Range - Animal Feed; $/LB: .3200 - .3600
Prices for: Central U.S., All First Sales, F.O.B., Extra Grade & Grade A, ,
Conventional, and Edible Dry Whey
Price Range - Non-Hygroscopic; $/LB: .4300 - .5600
Mostly Range - Non-Hygroscopic; $/LB: .4500 - .5200
DRY WHEY– EAST
The East dry whey price range crept up this week, moving higher on
both ends of the range. Dry whey demand has experienced a bump
this last week. Closing prices on the CME have gone from $0.5250
July 22nd to $0.6200 July 31st. The uptick in prices has caught
commodity traders' attention as they attempt to find available spot
loads. Dry whey availability is tight. This market pressure has come
as some producers report their drying schedules have slowed as they
have plants down for maintenance. Some producers have shifted
production to higher whey protein concentrates. Milk volumes are
tight as rising temperatures in the East continue to affect cow comfort
and milk production.
Prices for: Eastern U.S., All First Sales, F.O.B., Extra Grade & Grade A, ,
Conventional, and Edible Dry Whey
Price Range - Non-Hygroscopic; $/LB: .4400 - .5125
DRY WHEY– WEST
In the West, dry whey prices moved higher across all facets of the
range and mostly price series. Domestic demand varies from stronger
to steady. Interest from international buyers is moderate. Some
stakeholders indicate higher end domestic prices are uncompetitive
internationally. Dry whey availability is tight. A few stakeholders
indicate contracted volumes have not been received by anticipated
time frames. Cheese production is generally weaker and making less
liquid whey available for drying. Dry whey production schedules are
mixed. A few whey product manufacturers convey some of their
liquid whey volumes are being sold rather than processed internally.
Some manufacturers are allocating whey solids to higher whey
protein concentrates production instead of sweet whey production.
Prices for: Western U.S., All First Sales, F.O.B., Extra Grade & Grade A, ,
Conventional, and Edible Dry Whey
Price Range - Non-Hygroscopic; $/LB: .4600 - .5600
Mostly Range - Non-Hygroscopic; $/LB: .4800 - .5200
WHEY PROTEIN CONCENTRATE
The whey protein concentrate 34% (WPC 34%) price range and
mostly price series were unchanged this week. Contacts share liquid
whey volumes are seasonally steady. Contacts share high returns on
price per unit protein for both WPC 80% and whey protein isolate
continue to redirect whey solids away from WPC 34% manufacturing.
Domestic demand for WPC 34% remains quiet. International demand,
too, is limited due to current high domestic price points for WPC
34%. Inventories remain tight due to limited drying activity, but
limited demand has kept inventories somewhat stable in recent weeks.
Prices for: Central and Western U.S., All First Sales, F.O.B., Extra Grade,
Conventional, and Edible Whey Protein Concentrate
Price Range - 34% Protein; $/LB: .8800 - 1.1400
Mostly Range - 34% Protein; $/LB: .9300 - 1.0100
LACTOSE
The bottom of the lactose price range inched higher, while the top of
the price range and entire mostly price series were unchanged.
Contacts continue to relay limited lactose production due to
seasonally lighter milk intakes and processing. Domestic demand
remains strong. Inventories vary depending on mesh size and
manufacturer, with some manufacturers noting they are out of stock
for the balance of the quarter for spot load fulfillment. Some contacts
have shared varying availability of bags versus totes. Inventories of
lower mesh lactose are said to be more available on the spot market.
Export demand is unchanged from recent weeks.
Prices for: Central and Western U.S., Spot Sales And Up to 3 Month Contracts,
F.O.B., Conventional, and Edible Lactose
Price Range - Non Pharmaceutical; $/LB:
Mostly Range - Non Pharmaceutical; $/LB:
.2400 - .4250
.3000 - .3725
CASEIN
The price ranges for both acid and rennet casein were unchanged this
week. Demand for acid casein is steady in Oceania. Contacts report
demand from purchasers in other regions has continued to soften.
Acid casein inventories remain tighter in Oceania. Stakeholders say
seasonally light milk output is contributing to light acid casein
production in the region. Contacts report processors in South America
are starting to switch from rennet casein production to acid casein in
the month of August. European contacts report demand for rennet
casein is softening in the region, but interest is steady from purchasers
in other regions. Spot loads of rennet casein are available for
purchasing. European milk output is declining seasonally,
contributing to lighter rennet casein production.
Prices for: Spot Sales And Up to 3 Month Contracts, Free on Board - Warehouse,
Non-Restricted, All Mesh Sizes, Conventional, and Edible Casein
Acid; Price Range - $/LB: 3.7000 - 4.1000
Rennet; Price Range - $/LB: 3.4000 - 3.8000
DAIRY MARKET NEWS, JULY 29 – AUGUST 2, 2024 -7- VOLUME 91, REPORT 31
U.S. Dairy Cow Slaughter (1000 head) under Federal Inspection
2024 WEEKLY 2024 2023 WEEKLY 2023
WEEK ENDING DAIRY COWS CUMULATIVE DAIRY COWS DAIRY COWS CUMULATIVE DAIRY COWS
7/20/2024 52.2 1,533.6 61.2 1,793.0
WEBSITE: http:/
/www.ams.usda.gov/mnreports/ams_3658.pdf
SOURCE: The slaughter data are gathered and tabulated in a cooperative effort by the Agricultural Marketing Service, the Food Safety and Inspection Service, and the National
Agricultural Statistics Service, all of USDA
FEDERAL MILK ORDER CLASS III MILK PRICES (3.5% Butterfat)
YEAR JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
2019 13.96 13.89 15.04 15.96 16.38 16.27 17.55 17.60 18.31 18.72 20.45 19.37
2020 17.05 17.00 16.25 13.07 12.14 21.04 24.54 19.77 16.43 21.61 23.34 15.72
2021 16.04 15.75 16.15 17.67 18.96 17.21 16.49 15.95 16.53 17.83 18.03 18.36
2022 20.38 20.91 22.45 24.42 25.21 24.33 22.52 20.10 19.82 21.81 21.01 20.50
2023 19.43 17.78 18.10 18.52 16.11 14.91 13.77 17.19 18.39 16.84 17.15 16.04
FEDERAL MILK ORDER CLASS IV MILK PRICES (3.5% Butterfat)
YEAR JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
2019 15.48 15.86 15.71 15.72 16.29 16.83 16.90 16.74 16.35 16.39 16.60 16.70
2020 16.65 16.20 14.87 11.40 10.67 12.90 13.76 12.53 12.75 13.47 13.30 13.36
2021 13.75 13.19 14.18 15.42 16.16 16.35 16.00 15.92 16.36 17.04 18.79 19.88
2022 23.09 24.00 24.82 25.31 24.99 25.83 25.79 24.81 24.63 24.96 23.30 22.12
2023 20.01 18.86 18.38 17.95 18.10 18.26 18.26 18.91 19.09 21.49 20.87 19.23
FEDERAL MILK ORDER CLASS PRICES FOR 2024 (3.5% Butterfat)
CLASS JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
I (BASE) 18.48 17.99 18.80 19.18 18.46 20.08 21.11 21.32
II 20.04 20.53 21.12 21.23 21.50 21.60 21.82
III 15.17 16.08 16.34 15.50 18.55 19.87 19.79
IV 19.39 19.85 20.09 20.11 20.50 21.08 21.31
Further information may be found at: https://www.ams.usda.gov/rules-regulations/mmr/dmr
NATIONAL DAIRY PRODUCTS SALES REPORT
U.S. AVERAGES AND TOTAL POUNDS
WEEK ENDING BUTTER CHEESE 40# BLOCKS CHEESE BARRELS DRY WHEY NDM
38% MOISTURE
7/27/2024 3.1026 1.9482 1.9533 .4605 1.1866
3,583,163 9,402,530 11,296,738 5,379,916 19,800,815
Further data and revisions may be found on the internet at: http://www.ams.usda.gov/rules-regulations/mmr/dmr
CME GROUP, INC FUTURES
Selected settling prices
CLASS III MILK FUTURES (Pit-Traded) ($/cwt)
DATE
07
/
26 07
/
29 07
/
30 07
/
31 08
/
01
JUL 24 19.83 19.83 19.83 19.79 19.79
AUG 24 20.36 20.50 20.71 20.53 20.40
SEP 24 21.40 21.53 21.71 21.25 21.01
CLASS IV MILK FUTURES (Pit-Traded) ($/cwt)
DATE 07/26 07/29 07/30 07/31 08/01
JUL 24 21.43 21.43 21.43 21.31
AUG 24 21.44 21.44 21.57 21.57 21.57
SEP 24 21.82 21.82 21.75 21.75 21.75
CASH SETTLED BUTTER FUTURES (Electronic-Traded) (¢/lb)
DATE 07/26 07/29 07/30 07/31 08/01
JUL 24 312.75 312.75 312.75 312.11
AUG 24 310.00 310.00 311.50 313.00 311.83
SEP 24 311.25 311.35 312.50 313.00 313.75
NONFAT DRY MILK FUTURES (Pit-Traded) (¢/lb)
DATE 07/26 07/29 07/30 07/31 08/01
JUL 24 119.93 119.93 119.80 119.30
AUG 24 122.25 122.25 122.75 122.48 121.90
SEP 24 123.75 123.48 124.00 123.85 123.75
WHEY (Electronic-Traded) (¢/lb)
DATE 07/26 07/29 07/30 07/31 08/01
JUL 24 45.25 45.25 45.25 1.95
AUG 24 52.25 52.50 52.98 1.96 51.25
SEP 24 58.45 58.00 59.50 2.06 57.73
BLOCK CHEESE CSC (Electronic-Traded) ($/lb)
DATE 07/26 07/29 07/30 07/31 08/01
JUL 24 1.94 1.94 1.94 44.87
AUG 24 1.96 1.96 1.96 51.50 1.96
SEP 24 2.04 2.05 2.06 57.73 2.05
Further information may be found at: http://www.cmegroup.com/market-data/daily-bulletin.html
DAIRY MARKET NEWS, JULY 29 - AUGUST 2, 2024 - 8 - VOLUME 91, REPORT 31
INTERNATIONAL DAIRY MARKET NEWS - EUROPE
Information gathered July 22 - August 2, 2024
Prices are U.S. $/MT, F.O.B. port. Information gathered for this report is from trades, offers to sell, and secondary data. This bi-weekly report may not always contain the same
products and/or regions. Future reports may be included or withdrawn depending on availability of information. MT = metric ton = 2,204.6 pounds.
WEST EUROPE OVERVIEW
Although EU milk output is generally above last year's volume for
the first five months of the year, weekly milk collections are season-
ally decreasing. As milk volumes fade in the summer heat, cream
has also become less available. Industry sources say cream prices
have risen and so has demand for the fresh market products that use
cream. Contacts further suggest that some buyers still need coverage
for near-term needs for a variety of dairy products. And while inven-
tories for dairy products are generally slim, demand appears to be a
driving force that may determine whether prices rise or fall. Current-
ly, dairy demand for milk fat is solid, while demand for dairy pro-
teins is less so. However, as the summer holidays end, market partic-
ipants expect a rise in demand for most dry dairy ingredients, butter,
and cheese. An underlying question for most in the European dairy
industry is how much milk will be available for processing as sea-
sonal dairy demand is expected to increase in the fall.
The monthly weighted average price for EU 27 farmgate milk has
stayed near 46 euros per 100 kg for much of the first half of the year,
with most of the EU 27 countries having a pay price between 40 and
50 euros per 100 kg in the month of June. However, the uncertainty
of milk supply has prompted a rise in milk pay prices. A large Euro-
pean dairy cooperative recently announced the August guaranteed
milk price will increase by 1.25 euros to 49.25 euros per 100 kg. The
increase demonstrates the expectation that reference milk prices will
continue to rise. In addition, current weekly milk spot prices in the
upper 50 euros per 100 kg are common. While the higher milk pay
prices and the lower feed costs have helped farmer finances improve,
lower numbers of dairy cows on the continent and tight supplies of
replacement heifers have slowed the potential growth of milk output
in some regions of Europe.
On July 31, 2024, Denmark derogation for nitrate expired. The
change reduces the derogation permitted stocking rate of 230 kg/ha
to 170 kg/ha. Farmers estimate the need to acquire or rent at least 20
to 25 percent more land to allow for the new stocking rate.
EAST EUROPE OVERVIEW
Milk production in East Europe continues to grow year over year,
even as seasonal milk output slows. Increases in one of the leading
East European countries, Poland, has resulted from significant in-
creases in milk production per cow over the past few years. Decreas-
es in feed costs, coupled with consistently supportive milk pay prices
have help maintain farm financials, leading to expanded milk pro-
duction. The May farm milk pay price in Poland was 46.34 euros/
100 kg compared to 45.90 euros/100 kg across the EU 27.
BUTTER/BUTTEROIL
European butter and butteroil prices both moved higher, even in-
creasing significantly in the last few days according to some industry
contacts. Demand is active for both retail and bulk butter, especially
for this time of year. Because there is some uncertainty regarding
butter availability in the fourth quarter, buyers want to make sure
their fall butter needs are covered. In some cases, near-term butter
needs have also yet to be covered. Butter inventories are snug, and
butter production is not contributing to growing stocks. With limited
milk fat supplies and increasing prices for cream, some manufactur-
ers are choosing to sell off cream rather than churn.
Western Europe 82% Butterfat, Free on Board - Port Butter
Price Range - $/MT 7,200 - 7,550
Western Europe 99% Butterfat, Free on Board - Port Butteroil
Price Range – Butteroil $/MT 8,175 - 8,850
SKIM MILK POWDER
European skim milk powder (SMP) prices moved lower for this re-
porting period. That said, some industry sources suggest that prices,
after declining from several weeks ago, have stabilized in the last few
days. Demand is mixed. Although SMP is moving well through cur-
rent contracts, market demand is quiet overall. In some cases, buyers
have expressed a bit more interest in available SMP, but summer
holidays, buyer caution, and differences in price expectations have
kept this interested muted. SMP inventories are sufficient to meet
current demand, and SMP production is steady.
Prices for: Europe, All First Sales, Free on Board - Port, Conventional,
and Edible Skim Milk Powder
Price Range - 1.25% Butterfat; $/MT: 2,450 - 2,675
WHEY
European whey prices are unchanged. Although supplies and produc-
tion are not robust, industry sources suggest dry whey supplies are
adequate to meet current market needs. Dry whey production is
tracking along the same trajectory as cheese production. Buyers are
clearing contracted loads as expected, but spot market demand is
quiet while many Europeans are still on summer holiday.
Prices for: Western Europe, All First Sales, Free on Board - Port,
Conventional, and Edible Dry Whey
Price Range - Non-Hygroscopic; $/MT: 675—1,125
WHOLE MILK POWDER
European whole milk powder (WMP) prices moved higher. Industry
sources suggest limited supplies and steady demand are keeping pric-
es supported. WMP is moving well through current contracts, and
some end users are seeking a few additional loads. However, tight
milk supplies are limiting the volumes that WMP manufacturers can
produce. As a result, available spot loads are limited and move only
after contracted obligations are met.
Prices for: Europe, All First Sales, Free on Board - Port, Conventional,
and Edible Whole Milk Powder
Price Range - 26% Butterfat; $/MT: 4,175 - 4,350
DAIRY MARKET NEWS, JULY 29 - AUGUST 2, 2024 -8A- VOLUME 91, REPORT 31
INTERNATIONAL DAIRY MARKET NEWS - OCEANIA
Information gathered July 22 - August 2, 2024
Prices are U.S. $/MT, F.O.B. port. Information gathered for this report is from trades, offers to sell, and secondary data. This bi-weekly report may not always contain the same
products and/or regions. Future reports may be included or withdrawn depending on availability of information. MT = metric ton = 2,204.6 pounds.
OCEANIA DAIRY MARKET OVERVIEW
AUSTRALIA: In Australia farmgate milk prices for the 2024 - 2025
season were cut by around 15 percent from several processors, amid
increasing competition from imported dairy products. A spokesper-
son for a dairy farming group within Australia stated input costs have
increased in recent years and lower milk prices will add further pres-
sure on dairy producers, which could drive more dairy farmers out of
the market. A representative from a processor within the country
noted lower priced butter and cheese imported into Australia is nega-
tively impacting sales within Australia. Dairy imports are rising in
Australia, and the volume of products brought into the country has
nearly tripled in the last 20 years.
In Tasmania, a milk branded as more environmentally friendly is
being tested in stores by a local dairy company. The milk is produced
by cows fed a diet containing a seaweed extract which contributes to
reduced methane output released during digestion. A spokesperson
for the dairy company noted they switched a portion of their herd to
the new diet in February and have seen methane output reduced by
around 25% since changing the herd's diet. Studies have shown sea-
weed along with other feed additives in cattle diets can reduce green-
house gas emissions. The cost associated with these products have
been a concern, preventing their widespread adoption. The environ-
mentally friendly milk is being sold in stores within Tasmania with a
25-cent premium for a two-liter bottle.
NEW ZEALAND: Milk production data from New Zealand for June
2024 was recently released. This data showed total June 2024 pro-
duction was down 1.1 percent on a tonnage basis compared to a year
earlier. During June 2024, the total kg of milk solids decreased by
2.2 percent from the previous year.
Export data for June 2024 was recently released for New Zealand.
This data showed a combined 10 percent decrease in value for milk
powder, butter, and cheese exported in June 2024 compared to June
2023. Fresh milk and cream export values were 4.4 percent lower in
June 2024, when compared to a year earlier. Infant formula export
values in June 2024 were 104 percent higher compared to June of
2023, while casein and caseinate values were up 16 percent in the
same time.
A group in New Zealand, which forecasts dairy production, is fore-
casting the volume of milksolids produced in New Zealand in July to
decline by 0.2 percent from 2023, but they anticipate the volume of
milksolids produced in the country to increase compared to last year
from August through October.
A recently released financial survey for the 2024-2025 season in
New Zealand found that farmers would be operating on a tight budg-
et this year. An economist for the company which conducted the
survey stated that farmers would need milk prices around $8.31/
kgMS this season to break even compared to the approximately $8/
kgMS budgeted within the survey. However, markets are forecasting
$8.50/kgMS for milk prices during the upcoming season. The survey
found feed is the largest cost on farms, followed by overheads. The
economist further stated that farms are not in a bad spot, as many
have supplementary feed on hand and are anticipating an increase in
milk production during the upcoming season.
BUTTER
Butter prices held steady across the range in Oceania during the cur-
rent reporting period. Domestic demand for butter is steady in Oce-
ania. Contacts report price pressures have contributed to a lighter
food service demand for butter in July compared to prior years, but
this has bolstered retail butter demand as consumers are opting to eat
in more often. Stakeholders say interest from international butter
purchasers is softening, and recently released data from New Zealand
shows year to date butter exports are down compared to last year.
Milk output is seasonally light in Oceania, limiting butter production
in the region. Butter inventories are somewhat tight in the region.
Oceania 82% Butterfat, Free on Board - Port Butter
Price Range - $/MT Butter 6,525 - 8,500
SKIM MILK POWDER
In Oceania, skim milk powder (SMP) prices were unchanged during
the current reporting period. Contacts report domestic sales of SMP
are steady in Oceania, but export demand is softening. Light seasonal
milk output in Oceania continues to negatively impact SMP produc-
tion in the region. Contacts report SMP inventories remain somewhat
tight. During the current reporting period, two GDT Pulse auctions
were held, and prices for SMP declined at both of these events. At
GDT Pulse 56 on July 23rd WMP prices were down 2 percent from
the prior GDT auction, and at this week's GDT Pulse event prices
declined by another 0.6 percent.
Prices for: Oceania, All First Sales, Free on Board - Port, Convention-
al, and Edible Skim Milk Powder
Price Range - 1.25% Butterfat; $/MT: 2,525 - 2,650
CHEESE
Cheddar cheese prices were unchanged in Oceania during the current
reporting period. Contacts report persistent strong demand for cheese
in the region from retail food purchasers, while food service sales of
cheese are soft. Price pressures in the region have, reportedly, con-
tributed to more consumers purchasing cheese for home cooking,
rather than eating out. Export cheese interest has held steady in re-
cent weeks, but contacts note international cheese demand is down in
Oceania compared to last year. Milk output remains light in Oceania.
Cheesemakers in the region say they are running seasonally light
production schedules and inventories are currently in good balance
with demand.
Prices for: Oceania, Cheese, Cheddar, 39% Maximum Moisture, Free
on Board - Port
Price Range - $/MT: 4,300 - 4,350
CONTINUED ON PAGE 8B
DAIRY MARKET NEWS, JULY 29 - AUGUST 2, 2024 -8A- VOLUME 91, REPORT 31
INTERNATIONAL DAIRY MARKET NEWS - OCEANIA
Information gathered July 22 - August 2, 2024
Prices are U.S. $/MT, F.O.B. port. Information gathered for this report is from trades, offers to sell, and secondary data. This bi-weekly report may not always contain the same
products and/or regions. Future reports may be included or withdrawn depending on availability of information. MT = metric ton = 2,204.6 pounds.
CONTINUED FROM PAGE 8A
WH
OLE MILK POWDER
Who
le milk powder (WMP) prices in Oceania during the current
reporting period held steady at the bottom of the range, while the top
of the range moved lower. In Oceania, demand for WMP remains
seasonally light. Contacts report international interest in WMP has
declined slightly during the current reporting period. In the region
WMP production remains seasonally light. Two GDT Pulse auctions
were held this reporting period and WMP prices increased during
these events, compared to the most recent GDT event. At GDT Pulse
57, regular WMP from New Zealand for the September contract peri-
od traded at $3,100, up from $3,085 during GDT event 360 two
weeks ago.
Prices for: Oceania, All First Sales, Free on Board - Port, Convention-
al, and Edible Whole Milk Powder
Price Range - 26% Butterfat; $/MT: 3,075 - 3,225
Secondary Sourced Information:
Recently released export data from New Zealand showed June 2024:
Butter export volumes decreased 10.4 percent from the year prior.
Export volumes of butter from January - June 2024 were down 8.4
percent from the same time frame a year ago.
SMP export volumes decreased 7.9 percent from the year prior. Ex-
port volumes of SMP from January - June 2024 were down 3.7 per-
cent from the same time frame a year ago.
Cheese export volumes decreased 2.1 percent from the year prior.
Export volumes of cheese from January - June 2024 were down 8.9
percent from the same time frame a year ago.
WMP export volumes decreased 10.7 percent from the year prior.
Export volumes of WMP from January - June 2024 were up 6.0 per-
cent from the same time frame a year ago.
DAIRY MARKET NEWS, JULY 29 - AUGUST 2, 2024 -8C- VOLUME 91, REPORT 31
INTERNATIONAL DAIRY MARKET NEWS - SOUTH AMERICA
Information gathered July 22 - August 2, 2024
Prices are U.S. $/MT, F.O.B. port. Information gathered for this report is from trades, offers to sell, and secondary data. This bi-weekly report may not always contain the same
products and/or regions. Future reports may be included or withdrawn depending on availability of information. MT = metric ton = 2,204.6 pounds.
SOUTH AMERICA OVERVIEW
Contacts suggest seasonal milk upticks are yet to be notable. An
intensely wet fall season, which brought flooding and rainfall to key
dairy areas throughout the continent, has become a warmer/dryer
winter. One positive note, according to analysts, is that dryness is
allowing for a timely corn harvest. As operational costs have been a
looming concern for dairy farmers and the dairy industry, on the
whole, an increase in quality forage/silage is expected to help stabi-
lize some dairy farm costs in the near-term.
Regarding trading, contacts suggest skim solids, butter, and skim
milk powder (SMP) markets are warming considerably. Both Brazil-
ian and Algerian importers are seeking out those specific commodi-
ties with some vigor. With the expected increases in milk output,
processors are expected to increase manufacturing of some currently
bullish commodities, namely SMP and butter. Cheese and whole
milk powder (WMP) market prices are reportedly slower to tick up,
but that is at least partially due to limited availability.
SKIM MILK POWDER
The skim milk powder (SMP) price range was unchanged this week.
Despite lower year over year milk production in Argentina, contacts
anticipate steady increases in milk production as the season changes.
SMP production has started to tick up in the region, and contacts
expect drying activity to increase further in the near term. Brazil
continues to import growing quantities of SMP. Due to persistent
inflation in Argentina, stakeholders indicate currency devaluation
has made domestically produced dairy powders more competitive on
a global scale. Inflation and exchange rates continue to pose chal-
lenges for Argentinian producers
Prices for: South America, All First Sales, Free on Board - Port, Con-
ventional, and Edible Skim Milk Powder
Price Range - 1.25% Butterfat; $/MT: 3,300 - 3,400
WHOLE MILK POWDER
Whole milk powder (WMP) prices dipped at the bottom end of the
range. WMP trading activity remains limited as several processors
relay limited spot availability for the balance of the quarter. Proces-
sors in the region are primarily drying whole milk for contractual
fulfillment. As milk outputs increase over the coming months, how-
ever, drying activity is expected to increase. Due to rising production
costs, milk production in Argentina from January through June 2024
fell 13 percent from the same period the year prior. Contacts share
this steep drop in production has led to a recovery in milk prices,
which will facilitate milk production over the course of the upcom-
ing season. Preliminary export data for June 2024 shows healthy
WMP demand out of Argentina.
Prices for: South America, All First Sales, Free on Board - Port, Con-
ventional, and Edible Whole Milk Powder
Price Range - 26% Butterfat; $/MT: 3,650 - 3,800
Exchange rates for selected foreign currencies:
July 29, 2024
.0011 Argentina Peso .0119 India Rupee
.6550 Australian Dollar .0065 Japan yen
.1780 Brazil Real .0537 Mexican Peso
.7218 Canadian Dollar .5877 New Zealand Dollar
.0010 Chile Peso .2520 Poland Zloty
1.0821 Euro .0248 Uruguay Peso
Conversion example: To compare the value of 1 US Dollar to Mexican
Pesos: (1/.0537) = 18.6220 Mexican Pesos. Source: "Wall Street Journal"
Se
condary Sourced Information:
Exports from Argentina during January-June 2024:
SMP 9,600 MT, increased 26 percent from the same duration in
2023, according to CLAL data made available to USDA.
WMP, 57,000 MT, increased 29.2 percent from the same duration in 2023,
according to CLAL data made available to USDA.
Dairy Monthly Averages
Agricultural Marketing Service
Dairy Market News
August 1, 2024
MMN Slug ID 1623 / Slug Name: DYMAveragesYTD
Email us with accessibility issues with this report.
Area and Product JAN FEB MAR APR MAY JUN JUL
CME Group (1)
BUTTER/GRADE AA 2.6255 2.7646 2.8220 2.9406 3.0503 3.0945 3.1103
CHEESE/BARRELS 1.4629 1.6004 1.4935 1.6214 1.9744 1.9516 1.9239
CHEESE/40 POUND BLOCKS 1.5173 1.5768 1.4538 1.6063 1.8753 1.8941 1.9126
NONFAT DRY MILK/GRADE A 1.1939 1.2001 1.1473 1.1272 1.1540 1.1916 1.1981
DRY WHEY/EXTRA GRADE 0.4264 0.5016 0.4155 0.3792 0.3950 0.4696 0.5223
DAIRY MARKET NEWS ²
Fluid Products (2)
CLASS II CREAM
MIDWESTERN - F.O.B. 3.0279 3.2979 3.4667 3.5749 3.7333 4.0723 4.1288
NORTHEASTERN - F.O.B. 2.9654 3.2953 3.5207 3.5005 3.6981 4.0275 4.4160
CONDENSED SKIM - NORTHEASTERN - F.O.B.
CLASS II 1.2850 1.2870 1.2902 1.2686 1.2514 1.2376 1.2559
CLASS III 0.8117 0.7350 0.7726 0.7595 0.6341 0.8361 1.0132
2024 YEAR U.S. Monthly Price Averages (US $/LB)
(1) Monthly averages are a simple average of all the closes during the month.
(2) Monthly averages are based on weekly prices and are time-weighted according to the number of workdays in the month - Saturdays, Sundays and National
Holidays excluded.
https://mymarketnews.ams.usda.gov/viewReport/1623
DAIRY MARKET NEWS, JULY 29 - AUGUST 2, 2024 -9- VOLUME 91, REPORT 31
Dairy Monthly Averages
Agricultural Marketing Service
Dairy Market News
August 1, 2024
MMN Slug ID 1623 / Slug Name: DYMAveragesYTD
Area and Product JAN FEB MAR APR MAY JUN JUL
DAIRY MARKET NEWS, CONTINUED ²
Dry Products (2)
NONFAT DRY MILK
EASTERN AND CENTRAL - LOW/MEDIUM
HEAT
1.2057 1.2110 1.1701 1.1292 1.1523 1.1924 1.1960
--MOSTLY 1.2014 1.2070 1.1690 1.1291 1.1497 1.1887 1.1898
EASTERN AND CENTRAL - HIGH HEAT 1.3190 1.3441 1.3558 1.3177 1.2852 1.2813 1.3011
WESTERN - LOW/MEDIUM HEAT 1.1892 1.2123 1.1812 1.1389 1.1393 1.1796 1.1840
--MOSTLY 1.1943 1.2075 1.1740 1.1370 1.1355 1.1808 1.1841
WESTERN - HIGH HEAT 1.3631 1.3886 1.3707 1.3244 1.2995 1.3268 1.3122
DRY WHEY
CENTRAL 0.4150 0.4618 0.4232 0.3911 0.3851 0.4262 0.4645
--MOSTLY 0.4101 0.4673 0.4331 0.3915 0.3875 0.4270 0.4580
WESTERN 0.4479 0.4868 0.4965 0.4753 0.4502 0.4611 0.4841
--MOSTLY 0.4438 0.4830 0.4977 0.4797 0.4550 0.4600 0.4832
NORTHEASTERN - EXTRA AND GRADE A 0.4164 0.4700 0.4577 0.4082 0.3972 0.4257 0.4614
WHEY PROTEIN CONCENTRATE 34%
CENTRAL AND WESTERN 1.0181 1.0498 1.0649 1.0580 1.0374 1.0106 1.0068
--MOSTLY 0.9705 0.9990 1.0100 1.0095 0.9963 0.9717 0.9680
ANIMAL FEED
CENTRAL - MILK REPLACER 0.3169 0.3540 0.3243 0.3150 0.2905 0.2800 0.3209
DRY BUTTERMILK
EASTERN AND CENTRAL 1.1185 1.1296 1.1179 1.1164 1.1214 1.1274 1.1300
WESTERN 1.1810 1.1735 1.1420 1.1386 1.1586 1.1616 1.1684
--MOSTLY 1.1810 1.1838 1.1508 1.1402 1.1298 1.1574 1.1677
DRY WHOLE MILK
NATIONAL 2.0610 2.0985 2.1524 2.1655 2.2095 2.2600 2.2714
LACTOSE
CENTRAL AND WESTERN 0.2662 0.2694 0.2839 0.3136 0.3191 0.3239 0.3274
--MOSTLY 0.2708 0.2895 0.2971 0.3239 0.3272 0.3213 0.3309
CASEIN
RENNET 3.6429 3.7500 3.6726 3.6341 3.5682 3.5421 3.6000
ACID 3.7643 3.8150 3.7607 3.7045 3.8136 3.8289 3.8795
(2)
Monthly averages are based on weekly prices and are time-weighted according to the number of workdays in the month - Saturdays, Sundays and National
Holidays excluded.
https://mymarketnews.ams.usda.gov/viewReport/1623
DAIRY MARKET NEWS, JULY 29 - AUGUST 2, 2024 -10- VOLUME 91, REPORT 31
Dairy Monthly Averages
Agricultural Marketing Service
Dairy Market News
August 1, 2024
MMN Slug ID 1623 / Slug Name: DYMAveragesYTD
2024 YEAR U.S. Monthly Price Averages (US $/MT)
Area and Product JAN FEB MAR APR MAY JUN JUL
DAIRY MARKET NEWS ³
BUTTER (82% BUTTERFAT)
-- OCEANIA 5764 6517 6465 6648 6929 7500 7417
-- WESTERN EUROPE 5967 5952 6302 6277 6648 7106 7277
BUTTEROIL (99% BUTTERFAT)
-- WESTERN EUROPE 6898 6904 6994 7115 7328 7866 8352
CHEDDAR CHEESE (39% MAXIMUM
MOISTURE)
-- OCEANIA 4185 4296 4272 4289 4316 4331 4309
SKIM MILK POWDER (1.25% BUTTERFAT)
-- OCEANIA 2638 2780 2598 2561 2626 2700 2612
-- SOUTH AMERICA 3053 3096 3125 3189 3254 3350 3350
-- WESTERN EUROPE 2800 2730 2649 2548 2604 2659 2587
WHEY POWDER (NONHYGROSCOPIC)
-- WESTERN EUROPE 984 940 908 875 889 900 897
WHOLE MILK POWDER (26% BUTTERFAT)
-- OCEANIA 3294 3389 3214 3255 3384 3350 3191
-- SOUTH AMERICA 3537 3631 3674 3668 3807 3838 3752
-- WESTERN EUROPE 4074 3930 3926 3884 4005 4119 4214
(3) Monthly averages are based on weekly prices and are time-weighted according to the number of workdays in the month - Saturdays, Sundays excluded.
https://mymarketnews.ams.usda.gov/viewReport/1623
DAIRY MARKET NEWS, JULY 29 - AUGUST 2, 2024 -11- VOLUME 91, REPORT 31
DAIRY MARKET NEWS, JULY 29 – AUGUST 2, 2024 -12- VOLUME 91, REPORT 31
June Agricultural Prices Highlights
The All Milk price received by farmers was $22.80 in June, up $5.00 from June 2023. The alfalfa hay price was $195.00 in June, down $68.00 from June 2023.
The corn price was $4.48 in June, down 2.01 from June 2023. The soybean price was $11.80 in June, down $2.40 from June 2023. The milk-feed price ratio
was 2.36 in June, up 1.01 from June 2023.
The index of prices received by farmers for dairy products during the month of June 2024 was up 3.9 to 113.4. Compared to June 2023, the index was up 24.8
points (+28.0 percent). The index of prices paid by farmers for commodities and services, interest, taxes, and wage rates in June 2024 was 139.6 was down 0.3
from May 2024. Compared with June 2023, the index was down 0.2 (-0.1 percent).
Selected Milk Prices, Milk Cows, and Feed Prices, Selected States and U.S., June 2024 with Comparisons
State
All-Milk price
1, 2
Alfalfa hay, baled Corn for Grain Soybeans
June June June June
2023 2024 2023 2024 2023 2024 2023 2024
(dollars per cwt) (dollars per ton) (dollars per bushel) (dollars per bushel)
AZ 20.90 22.80 305.00 190.00 --- --- ---
CA 17.50 21.80 270.00 240.00 --- --- --- ---
CO 18.40 22.90 280.00 215.00 7.24 5.07 --- ---
GA 22.20 25.90 --- --- --- --- --- ---
ID 18.00 23.20 230.00 165.00 --- --- --- ---
IN 19.10 23.30 --- --- 6.54 4.42 14.50 12.40
IA 15.30 22.70 173.00 153.00 6.57 4.60 14.20 11.70
MI 17.80 22.90 200.00 180.00 6.28 4.22 14.90 12.30
MN 15.70 23.00 195.00 145.00 6.38 4.30 13.90 11.40
NM 16.20 21.30 315.00 250.00 --- --- --- ---
NY 19.50 23.30 254.00 216.00 --- --- --- ---
OH 19.20 23.20 190.00 185.00 6.19 4.38 14.80 12.10
PA 19.40 23.30 254.00 225.00 6.69 4.67 --- ---
TX 17.50 23.60 266.00 293.00 6.61 4.85 --- ---
WA 19.10 23.60 300.00 195.00 --- --- --- ---
WI 16.40 22.10 155.00 199.00 6.24 4.24 13.90 12.80
U.S.
17.80 22.80 263.00 195.00 6.49 4.48 14.20 11.80
NA = Not available. (D) = Withheld to avoid disclosing data for individual operations. (S) = Insufficient number of reports to establish an estimate.
1
Prices are shown at reported
butterfat test.
2
Before deduction for hauling. Includes quality, quantity, and other premiums. Excludes hauling subsidies.
(D) Withheld to avoid disclosing data for individual operations
(S) Insufficient number of reports to establish an estimate.
Milk-Feed Price Ratio, Selected States and U.S., June 2024 with Comparisons
Mil
k
-feed: pounds of 16% mixed dairy feed equal in value to 1 pound of whole mil
k
1
State
2
June 2023 May 2024 June 2024
IA 1.67 2.46 2.62
MI 1.40 2.28 2.40
MN 1.53 2.51 2.51
OH 1.67 2.36 2.44
WI 1.78 2.48 2.45
U.S. 1.35 2.24 2.36
1
The price of commercial prepared dairy feed is based on current United States prices received for corn, soybeans, and alfalfa. The modeled feed uses 51 percent corn, 8 percent
soybeans, and 41 percent alfalfa hay.
2
Available states that provided all necessary data to compute milk-feed price ratios.
General Price Measures, U.S., June 2024 with Comparisons
Item
June
2023
May
2024
June
2024
Index Numbers (1990-92=100):
Prices received by farmers for dairy produc
t
ion 88.6 109.5 113.4
Prices paid by farmers for commodities and services, interest taxes, and wage rates 139.8 139.9 139.6
Source: U.S. Department of Agriculture. National Agricultural Statistics Service. Agricultural Statistics Board. Agricultural Prices, July 2024.
DAIRY MARKET NEWS, JULY 29 – AUGUST 2, 2024 -13- VOLUME 91, REPORT 31
Final Class Prices by Order, July 2024
July 2024 Highlights
Class Prices: The following are the July 2024 class prices under the Federal milk order pricing
system and changes from the previous month: Class II: $21.82 ($+0.22), Class III: $19.79 ($-0.08),
and Class IV: $21.31 ($+0.23).
Component Price Information: Under the Federal milk order pricing system, the butterfat price for
July 2024 is $3.5720 per pound. Thus, the Class II butterfat price is $3.5790 per pound. The protein
and other solids prices for July 2024 are $1.9466 and $0.2571 per pound, respectively. These
component prices set the Class III skim milk price at $7.55 per cwt. The July 2024 Class IV skim milk
price is $9.13, which is derived from the nonfat solids price of $1.0149 per pound.
Product Price Averages: The product price averages for July 2024 are: butter $3.1211, nonfat dry
milk $1.1930, cheese $1.9717, and dry whey $0.4487.
Final Class Prices by Order for July 2024
Federal Milk Order Minimum Class Prices for Milk of 3.5 Percent Butterfat
1, 2
Federal Milk Order
Marketing Area
3
Order
Number
Jul 2024 Aug 2024
Class I Class II Class III Class IV Class I
(dollars per cwt)
Northeast (Boston) 001 24.36 21.82 19.79 21.31 24.57
Appalachian (Charlotte) 005 24.51 21.82 19.79 21.31 24.72
Florida (Tampa) 006 26.51 21.82 19.79 21.31 26.72
Southeast (Atlanta) 007 24.91 21.82 19.79 21.31 25.12
Upper Midwest (Chicago) 030 22.91 21.82 19.79 21.31 23.12
Central (Kansas City) 032 23.11 21.82 19.79 21.31 23.32
Mideast (Cleveland) 033 23.11 21.82 19.79 21.31 23.32
California (Los Angeles) 051 23.21 21.82 19.79 21.31 23.42
Pacific Northwest (Seattle) 124 23.01 21.82 19.79 21.31 23.22
Southwest (Dallas) 126 24.11 21.82 19.79 21.31 24.32
Arizona (Phoenix) 131 23.46 21.82 19.79 21.31 23.67
All Market Average 23.93 21.82 19.79 21.31 24.14
1
To convert the Class I price per 100 pounds to the Class I price per gallon, divide by 11.63 - the approximate number of gallons in
100 pounds of milk.
2
The mandatory $0.20 per cwt processor assessment under the Fluid Milk Promotion Order is not included in
the Class I prices shown on this table.
3
Names in parentheses are the major city in the principal pricing point of the markets.
Class I prices at other cities are: Northeast (Boston): New York City, minus $0.10; Philadelphia, minus $0.20; Baltimore, minus
$0.25, and Washington, DC, minus $0.25; Appalachian (Charlotte): Knoxville, minus $0.20; and Louisville, minus $1.10; Florida
(Tampa): Orlando, same; Miami, plus $0.60; and Jacksonville, minus $0.40; Southeast (Atlanta): New Orleans, same; Memphis,
minus $0.90; Nashville, minus $0.90; and Springfield, MO, minus $1.40; Upper Midwest (Chicago): Milwaukee, minus $0.05; and
Minneapolis, minus $0.10; Central (Kansas City): Des Moines, minus $0.20; Omaha, minus $0.15; Oklahoma City, plus $0.60; St.
Louis, same; and Denver, plus $0.55; Mideast (Cleveland): Indianapolis, same; Cincinnati, plus $0.20; Pittsburgh, plus $0.10; and
Detroit, minus $0.20; California (Los Angeles); San Francisco, minus $0.30; Sacramento, minus $0.40; Tulare, minus $0.50. Pacific
Northwest (Seattle): Portland, same; and Spokane, same; Southwest (Dallas): Houston, plus $0.60; San Antonio, plus $0.45;
Albuquerque, minus $0.65; and El Paso, minus $0.75.
DAIRY MARKET NEWS, JULY 29 - AUGUST 2, 2024 - G1 - VOLUME 91, REPORT 31
U.S. Class III Milk Price at 3.5% Test ($/cwt)
Jan Feb
Ma
r
Ap
r
Ma
y
Jun Jul Aug Sep Oct Nov Dec
2020 $17.05 $17.00 $16.25 $13.07 $12.14 $21.04 $24.54 $19.77 $16.43 $21.61 $23.34 $15.72
2021 $16.04 $15.75 $16.15 $17.67 $18.96 $17.21 $16.49 $15.95 $16.53 $17.83 $18.03 $18.36
2022 $20.38 $20.91 $22.45 $24.42 $25.21 $24.33 $22.52 $20.10 $19.82 $21.81 $21.01 $20.50
2023 $19.43 $17.78 $18.10 $18.52 $16.11 $14.91 $13.77 $17.19 $18.39 $16.84 $17.15 $16.04
2024 $15.17 $16.08 $16.34 $15.50 $18.55 $19.87 $19.79 #N/A #N/A #N/A #N/A #N/A
DATA SOURCE, USDA, AMS, DAIRY PROGRAMS, DPMRP and FMOIP, Announcement of Class and Component Prices, released 7/31/2024
$/CWT
Class III Milk Price at 3.5% Test
12.00
13.00
14.00
15.00
16.00
17.00
18.00
19.00
20.00
21.00
22.00
23.00
24.00
25.00
26.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
GRAPH, USDA, AMS, DMN
2020 2021 2022 2023 2024
Jan Feb
U.S. Class IV Milk Price at 3.5% Test ($/cwt)
Ma
r
Ap
r
Ma
y
Jun Jul Aug Sep Oct Nov Dec
2020 $16.65 $16.20 $14.87 $11.40 $10.67 $12.90 $13.76 $12.53 $12.75 $13.47 $13.30 $13.36
2021 $13.75 $13.19 $14.18 $15.42 $16.16 $16.35 $16.00 $15.92 $16.36 $17.04 $18.79 $19.88
2022 $23.09 $24.00 $24.82 $25.31 $24.99 $25.83 $25.79 $24.81 $24.63 $24.96 $23.30 $22.12
2023 $20.01 $18.86 $18.38 $17.95 $18.10 $18.26 $18.26 $18.91 $19.09 $21.49 $20.87 $19.23
2024 $19.39 $19.85 $20.09 $20.11 $20.50 $21.08 $21.31 #N/A #N/A #N/A #N/A #N/A
DATA SOURCE, USDA, AMS, DAIRY PROGRAMS, DPMRP and FMOIP, Announcement of Class and Component Prices, released 7/31/2024
$/CWT
Class IV Milk Price at 3.5% Test
10.00
11.00
12.00
13.00
14.00
15.00
16.00
17.00
18.00
19.00
20.00
21.00
22.00
23.00
24.00
25.00
26.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020 2021 2022 2023 2024
GRAPH, USDA, AMS, DMN
DAIRY MARKET NEWS, JULY 29 - AUGUST 2, 2024 -G2- VOLUME 91, REPORT 31
East and Central U.S. Low/Medium Heat Nonfat Dry Milk Monthly Average Mostly Prices
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020 1.2581 1.2305 1.0935 0.8898 0.8943 1.0167 1.0177 0.9921 1.0379 1.1055 1.0840 1.1149
2021 1.1674 1.1359 1.1568 1.2082 1.3200 1.3006 1.2465 1.2478 1.3429 1.4615 1.5358 1.5883
2022 1.7276 1.8763 1.9100 1.8973 1.8121 1.8657 1.7760 1.6013 1.5729 1.5290 1.4454 1.3957
2023 1.2896 1.2217 1.1961 1.1566 1.1577 1.1633 1.1199 1.1123 1.1055 1.1870 1.2015 1.2001
2024 1.2014 1.2070 1.1690 1.1291 1.1497 1.1887 1.1898
DATA SOURCE, USDA, AMS, DMN Monthly Averages, released 8/2/2024
GRAPH/SOURCE USDA, AMS, DMN Dairy Market News website: https://www.ams.usda.gov/market-news/dairy
USDA/AMS/Dairy Market News, Madison, Wisconsin, (608) 422-8587
Dairy Market News database portal: https://mymarketnews.ams.usda.gov/
0.80
0.90
1.00
1.10
1.20
1.30
1.40
1.50
1.60
1.70
1.80
1.90
2.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
PER POUND
East and Central U.S. Low/Medium Heat
Nonfat Dry Milk Monthly Average Mostly Prices
2020 2021 2022 2023 2024
West U.S. Dry Whey Monthly Average Mostly Prices
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020 0.3526 0.3720 0.3691 0.3635 0.3770 0.3517 0.3495 0.3412 0.3407 0.3724 0.4074 0.4452
2021 0.4816 0.5199 0.5755 0.6341 0.6447 0.6261 0.5879 0.5542 0.5442 0.5655 0.6133 0.6871
2022 0.7459 0.7980 0.7561 0.6579 0.6090 0.5808 0.5258 0.4991 0.5270 0.4993 0.4835 0.4664
2023 0.4193 0.4001 0.4354 0.4181 0.3823 0.3289 0.2868 0.3098 0.3293 0.3519 0.4005 0.4325
2024 0.4438 0.4830 0.4977 0.4797 0.4550 0.4600 0.4832
DATA SOURCE, USDA, AMS, DMN Monthly Averages, released 8/2/2024
GRAPH/SOURCE USDA, AMS, DMN Dairy Market News website: https://www.ams.usda.gov/market-news/dairy
USDA/AMS/Dairy Market News, Madison, Wisconsin, (608) 422-8587
Dairy Market News database portal: https://mymarketnews.ams.usda.gov/
0.20
0.25
0.30
0.35
0.40
0.45
0.50
0.55
0.60
0.65
0.70
0.75
0.80
0.85
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
PER POUND
West U.S. Dry Whey Monthly Average Mostly Prices
2020 2021 2022 2023 2024
DAIRY MARKET NEWS, JULY 29 - AUGUST 2, 2024 -G3- VOLUME 91, REPORT 31
Central & West U.S. Lactose Monthly Average Mostly Prices
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020 0.2979 0.3043 0.3107 0.3467 0.4018 0.4618 0.5170 0.5136 0.5056 0.5002 0.4751 0.4333
2021 0.4089 0.4145 0.4309 0.4495 0.4500 0.4518 0.4584 0.4534 0.4414 0.4245 0.4129 0.4050
2022 0.4050 0.4050 0.4111 0.4317 0.4363 0.4435 0.4550 0.4550 0.4568 0.4760 0.4850 0.4782
2023 0.4631 0.4103 0.3536 0.2875 0.2570 0.2229 0.1964 0.2078 0.2360 0.2429 0.2548 0.2684
2024 0.2708 0.2895 0.2971 0.3239 0.3272 0.3213 0.3309
DATA SOURCE, USDA, AMS, DMN Monthly Averages, released 8/2/2024
0.15
0.20
0.25
0.30
0.35
0.40
0.45
0.50
0.55
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
PER POUND
Central & West U.S. Lactose Monthly Average Mostly Prices
2020 2021 2022 2023 2024
Central & West U.S. WPC 34% Monthly Average Mostly Prices
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020 1.0017 1.0140 1.0148 1.0027 0.9590 0.9356 0.8945 0.8591 0.8500 0.8810 0.9124 0.9255
2021 0.9693 1.0134 1.0487 1.0977 1.1328 1.1513 1.1551 1.1548 1.1450 1.1540 1.2149 1.3174
2022 1.4378 1.5904 1.7102 1.7920 1.8160 1.8269 1.8313 1.8118 1.8052 1.8085 1.8073 1.7478
2023 1.6671 1.4846 1.3440 1.2238 1.0989 0.9482 0.8743 0.8191 0.8254 0.8670 0.8974 0.9420
2024 0.9705 0.9990 1.0100 1.0095 0.9963 0.9717 0.9680
DATA SOURCE, USDA, AMS, DMN Monthly Averages, released 8/2/2024
0.70
0.80
0.90
1.00
1.10
1.20
1.30
1.40
1.50
1.60
1.70
1.80
1.90
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
PER POUND
Central & West U.S. WPC 34% Monthly Average Mostly Prices
2020 2021 2022 2023 2024
National Retail Report - Dairy
Agricultural Marketing Service
Dairy Market News Branch
Fri Aug 2, 2024
Volume 91 - Number 31
Friday, August 2, 2024
Issued Weekly
Email us with accessibility issues with this report.
Advertised Prices for Dairy Products at Major Retail Supermarket Outlets ending during
the period of 8/2/2024 to 8/8/2024
The week 31 retail ad survey contained 8 percent more conventional dairy ads, compared to the prior week, while the
number of organic dairy ads grew by 262 percent. The most advertised conventional commodity this week was cheese,
despite a 7 percent decline in total ads from last week. The most advertised organic commodity in week 31 was milk, for
which ads increased by 800 percent.
The most advertised conventional cheese item found in the week 31 retail ad survey was 6-8-ounce sliced cheese. The
weighted average advertised price for this item increased by 35 cents from the prior week's survey, to $2.58.
Advertisements for 6-8-ounce sliced organic cheese increased by 25 percent this week, while the weighted average
advertise price fell by $1.06 to $5.13. The organic premium for 6-8-ounce sliced cheese this week was $2.55.
Total conventional milk ads declined by 13 percent in the week 31 retail ad survey. Organic milk had a larger percentage
growth in dairy ads during this week's survey than any other organic dairy commodity. Ads for conventional half gallon milk
decreased by 19 percent from last week, while half gallon organic milk ads increased by 650 percent. The weighted
average advertised price for conventional half gallon milk, $2.14, was 26 cents lower than in week 30. Organic half gallon
milk had a weighted average advertised price of $4.45 this week, creating an organic premium of $2.31.
Butter ads increased more than any other conventional dairy commodity featured in this week's survey. Organic butter
was not present in the week 30 survey but was the second most advertised organic commodity this week. Conventional 1-
pound butter's weighted average advertised price of $4.68 was 19 cents lower than last week. Organic 1-pound butter had
a weighted average advertised price this week of $6.42. The organic premium for this item was $1.74 in week 31.
National Retail Report - Dairy Vol 91 - No. 31
Friday, August 2, 2024 - Page 2
National Retail Report - Dairy Vol 91 - No. 31
Friday, August 2, 2024 - Page 3
NATIONAL -- CONVENTIONAL DAIRY PRODUCTS
Dairy
Commodity
Type
Pack Size
THIS PERIOD
LAST WEEK
LAST YEAR
Stores
With Ads
Wtd Avg
Price
Stores
With Ads
Wtd Avg
Price
Stores
With Ads
Wtd Avg
Price
Butter
Butter
Cheese
Cheese
Cheese
Cheese
Cheese
Cheese
Cheese
Cheese
Cottage Cheese
Cottage Cheese
Cream Cheese
Cream Cheese
Flavored Milk
Flavored Milk
Ice Cream
Ice Cream
Milk
Milk
Sour Cream
Sour Cream
Yogurt
Yogurt
Yogurt
Yogurt
8 oz
1 lb
6-8 oz Block
6-8 oz Shred
6-8 oz Sliced
1 lb Block
1 lb Shred
1 lb Sliced
2 lb Block
2 lb Shred
16 oz
24 oz
8 oz
12 oz
Half Gallon
Gallon
14-16 oz
48-64 oz
Half Gallon
Gallon
16 oz
24 oz
4-6 oz
4-6 oz
32 oz
32 oz
228
12245
7614
8309
11457
1364
1652
469
1640
2302
4829
4793
3678
496
3290
2708
7818
17785
6463
6727
10954
3124
9763
6253
4759
6460
4.50
4.68
2.55
2.44
2.58
3.97
3.93
4.69
6.61
7.06
2.49
3.39
2.73
4.24
2.69
3.88
3.78
3.90
2.14
3.05
2.26
3.19
1.00
0.62
4.94
2.94
835
3276
7472
12960
11609
628
1424
1411
1009
1014
4888
5829
2604
2582
2541
7034
13881
8012
7073
13338
7928
7535
4753
1518
4792
3.37
4.87
2.43
2.50
2.23
4.13
3.93
2.68
7.84
8.29
2.71
3.16
2.76
2.33
4.20
3.85
3.61
2.40
3.43
2.20
2.94
1.03
0.69
5.28
2.93
556
4291
3342
7058
8259
526
286
2023
2594
4176
1462
4428
185
202
5720
12054
2234
3943
6354
613
7244
4322
1004
3897
2.51
4.58
2.76
2.68
2.55
3.64
4.33
6.31
6.19
2.32
3.84
2.27
3.19
4.51
3.62
3.92
1.52
3.37
2.24
3.19
1.02
0.58
5.43
2.72
Natural Varieties
Natural Varieties
Natural Varieties
Natural Varieties
Natural Varieties
Natural Varieties
Natural Varieties
Natural Varieties
All Fat Tests
All Fat Tests
All Fat Tests
All Fat Tests
Greek
Yogurt
Greek
Yogurt
National Retail Report - Dairy Vol 91 - No. 31
Friday, August 2, 2024 - Page 4
REGIONAL -- CONVENTIONAL DAIRY PRODUCTS
NORTHEAST U.S.
SOUTHEAST U.S.
MIDWEST U.S.
Commodity
Type
Pack Size
Price
Stores
Wtd
Price
Stores
Wtd
Price
Stores
Wtd
Range
with
Avg
Range
with
Avg
Range
with
Avg
Ads
Price
Ads
Price
Ads
Price
Butter
8 oz
4.50
228
4.50
Butter
1 lb
3.98 - 4.99
784
4.26
2.99 - 5.99
1057
4.33
2.99 - 5.49
1297
3.69
Cheese
Natural Varieties
6-8 oz Block
1.88 - 3.00
1754
2.29
2.00 - 4.19
2708
2.82
1.99 - 5.99
616
3.02
Cheese
Natural Varieties
6-8 oz Shred
1.88 - 3.99
2799
2.44
1.99 - 3.00
1642
2.54
1.99 - 2.50
904
2.36
Cheese
Natural Varieties
6-8 oz Sliced
1.50 - 3.49
3527
2.58
1.50 - 3.94
3063
2.38
1.99 - 3.49
1402
2.57
Cheese
Natural Varieties
1 lb Block
4.99
185
4.99
3.50 - 3.99
341
3.64
Cheese
Natural Varieties
1 lb Shred
3.89
75
3.89
3.99
945
3.99
3.50 - 3.99
341
3.64
Cheese
Natural Varieties
1 lb Sliced
4.49
190
4.49
4.77
199
4.77
Cheese
Natural Varieties
2 lb Block
7.99
74
7.99
4.98
187
4.98
8.99
188
8.99
Cheese
Natural Varieties
2 lb Shred
7.99
74
7.99
4.98 - 7.99
606
7.06
7.48 - 8.99
387
8.21
Cottage Cheese
16 oz
1.99 - 3.00
459
2.22
1.67 - 2.88
1804
2.57
1.67 - 3.00
844
2.08
Cottage Cheese
24 oz
2.94 - 3.99
1158
3.45
2.49 - 3.78
1891
3.56
2.48 - 3.00
260
2.60
Cream Cheese
8 oz
2.27 - 3.00
601
2.84
2.49 - 2.99
1010
2.96
1.99 - 3.00
271
2.69
Cream Cheese
12 oz
4.24
496
4.24
Flavored Milk
All Fat Tests
Half Gallon
1.78 - 3.14
1488
2.51
2.99 - 3.00
347
3.00
Flavored Milk
All Fat Tests
Gallon
4.57
496
4.57
Ice Cream
14-16 oz
2.47 - 6.79
2210
3.76
2.79 - 3.99
2719
3.40
2.99 - 3.99
774
3.25
Ice Cream
48-64 oz
2.49 - 5.99
5605
3.69
2.49 - 6.99
4480
4.10
2.99 - 4.99
1809
3.86
Milk
All Fat Tests
Half Gallon
1.78 - 2.18
992
1.98
1.66 - 2.97
2682
2.31
Milk
All Fat Tests
Gallon
3.00 - 3.98
686
3.27
2.77 - 3.20
2682
2.99
3.01
892
3.01
Sour Cream
16 oz
1.50 - 3.00
587
2.11
1.67 - 2.88
6173
2.26
1.67 - 3.00
1148
2.10
Sour Cream
24 oz
3.80
59
3.80
2.49 - 3.48
1406
3.43
3.48
61
3.48
Yogurt
Greek
4-6 oz
0.62 - 1.39
3189
1.00
0.80 - 1.25
2026
0.97
0.80 - 1.50
1524
1.07
Yogurt
Yogurt
4-6 oz
0.39 - 0.89
1746
0.67
0.50 - 0.75
2067
0.65
0.50 - 1.25
837
0.58
Yogurt
Greek
32 oz
3.54 - 6.44
2235
4.96
3.49 - 5.99
301
5.38
3.99 - 6.00
295
5.35
Yogurt
Yogurt
32 oz
2.56 - 4.99
898
3.25
3.00
1311
3.00
5.03
67
5.03
National Retail Report - Dairy Vol 91 - No. 31
Friday, August 2, 2024 - Page 5
SOUTH CENTRAL U.S.
SOUTHWEST U.S.
NORTHWEST U.S.
Commodity
Type
Pack Size
Price
Stores
Wtd
Price
Stores
Wtd
Price
Stores
Wtd
Range
with
Avg
Range
with
Avg
Range
with
Avg
Ads
Price
Ads
Price
Ads
Price
Butter
1 lb
2.77 - 5.88
5519
5.17
3.49 - 5.98
3087
4.63
2.99 - 3.99
479
3.56
Cheese
Natural Varieties
6-8 oz Block
1.39 - 3.50
539
2.41
1.97 - 2.99
1986
2.31
Cheese
Natural Varieties
6-8 oz Shred
1.39 - 3.50
735
2.47
1.85 - 3.47
1903
2.49
1.29 - 3.00
315
1.82
Cheese
Natural Varieties
6-8 oz Sliced
2.49 - 3.50
907
2.81
1.99 - 3.00
2276
2.78
2.24 - 3.00
234
2.47
Cheese
Natural Varieties
1 lb Block
3.74 - 4.99
667
3.91
3.74
162
3.74
Cheese
Natural Varieties
1 lb Shred
3.97 - 4.49
291
4.08
Cheese
Natural Varieties
1 lb Sliced
4.99
80
4.99
Cheese
Natural Varieties
2 lb Block
6.99
64
6.99
5.97 - 9.99
797
6.24
6.49
287
6.49
Cheese
Natural Varieties
2 lb Shred
6.99
64
6.99
5.97 - 12.99
850
6.66
6.49
287
6.49
Cottage Cheese
16 oz
1.67 - 4.85
281
3.35
1.67 - 5.66
1369
2.60
1.67
61
1.67
Cottage Cheese
24 oz
2.49 - 4.49
391
2.89
2.94 - 4.24
970
3.59
1.99
123
1.99
Cream Cheese
8 oz
1.99 - 3.00
284
2.54
1.86 - 2.98
1431
2.47
4.48
81
4.48
Flavored Milk
All Fat Tests
Half Gallon
1.78 - 3.98
1455
2.79
Flavored Milk
All Fat Tests
Gallon
3.97
107
3.97
3.00 - 4.57
1807
3.91
2.49
287
2.49
Ice Cream
14-16 oz
2.66 - 5.99
726
4.92
3.47 - 6.11
962
4.17
3.97 - 5.48
368
4.30
Ice Cream
48-64 oz
2.49 - 6.99
2132
4.60
2.78 - 6.49
2924
3.59
2.49 - 4.99
735
3.35
Milk
All Fat Tests
Half Gallon
2.02 - 2.99
1517
2.15
1.78 - 2.18
970
1.98
1.29 - 1.78
293
1.56
Milk
All Fat Tests
Gallon
1.97 - 3.97
1596
3.08
3.00 - 4.49
540
3.15
2.49
287
2.49
Sour Cream
16 oz
1.67 - 3.29
636
2.58
1.67 - 2.99
2338
2.31
1.67
61
1.67
Sour Cream
24 oz
2.49 - 3.99
391
2.89
2.74 - 3.48
1023
3.10
1.99 - 2.69
184
2.22
Yogurt
Greek
4-6 oz
0.79 - 1.50
941
1.03
0.72 - 1.25
1341
0.89
0.99 - 1.50
702
1.05
Yogurt
Yogurt
4-6 oz
0.27 - 0.89
417
0.59
0.39 - 0.72
877
0.57
0.49
287
0.49
Yogurt
Greek
32 oz
3.99
68
3.99
3.54 - 6.44
1860
4.80
Yogurt
Yogurt
32 oz
2.56 - 3.49
2872
2.84
2.56 - 2.99
1189
2.81
2.49
123
2.49
National Retail Report - Dairy Vol 91 - No. 31
Friday, August 2, 2024 - Page 6
ALASKA U.S.
HAWAII U.S.
Commodity
Type
Pack Size
Price
Stores
Wtd
Price
Stores
Wtd
Range
with
Avg
Range
with
Avg
Ads
Price
Ads
Price
Butter
1 lb
3.49 - 3.99
22
3.74
Cheese
Natural Varieties
6-8 oz Block
3.49
11
3.49
Cheese
Natural Varieties
6-8 oz Shred
3.49
11
3.49
Cheese
Natural Varieties
6-8 oz Sliced
3.00 - 3.49
31
3.28
2.68 - 3.00
17
2.81
Cheese
Natural Varieties
1 lb Block
4.48
9
4.48
Cheese
Natural Varieties
2 lb Block
7.49 - 10.99
20
9.07
6.97
23
6.97
Cheese
Natural Varieties
2 lb Shred
7.49
11
7.49
6.97
23
6.97
Cottage Cheese
16 oz
1.67
11
1.67
Flavored Milk
All Fat Tests
Gallon
2.99
11
2.99
Ice Cream
14-16 oz
4.49 - 4.97
22
4.73
5.49 - 6.49
37
6.17
Ice Cream
48-64 oz
2.99 - 11.99
70
7.38
3.99 - 4.49
30
4.37
Milk
All Fat Tests
Half Gallon
2.78
9
2.78
Milk
All Fat Tests
Gallon
2.99
11
2.99
5.97 - 5.98
33
5.97
Sour Cream
16 oz
1.67
11
1.67
Yogurt
Greek
4-6 oz
1.10 - 1.29
33
1.21
1.00
7
1.00
Yogurt
Yogurt
4-6 oz
0.59 - 0.60
22
0.59
NATIONAL -- ORGANIC DAIRY PRODUCTS
Dairy
Commodity
Type
Pack Size
THIS PERIOD
LAST WEEK
LAST YEAR
Stores
With Ads
Wtd Avg
Price
Stores
With Ads
Wtd Avg
Price
Stores
With Ads
Wtd Avg
Price
Butter
Cheese
Cheese
Cheese
Cottage Cheese
Cream Cheese
Flavored Milk
Ice Cream
Ice Cream
Milk
Milk
Sour Cream
Yogurt
Yogurt
Yogurt
Yogurt
1 lb
6-8 oz Block
6-8 oz Shred
6-8 oz Sliced
16 oz
8 oz
Half Gallon
14-16 oz
48-64 oz
Half Gallon
Gallon
16 oz
4-6 oz
4-6 oz
32 oz
32 oz
1680
228
573
527
338
218
109
7960
2682
429
528
424
6.42
3.00
5.13
5.40
4.20
3.69
10.25
4.45
7.66
4.15
6.01
4.57
52
343
459
161
283
236
343
1061
122
52
176
745
297
7.99
5.99
6.19
4.68
4.21
5.99
7.99
4.48
6.98
4.50
1.61
4.65
4.99
288
415
337
109
1274
75
122
317
3.21
3.00
4.69
4.94
4.85
3.99
1.19
5.78
Natural Varieties
Natural Varieties
Natural Varieties
All Fat Tests
All Fat Tests
All Fat Tests
Greek
Yogurt
Greek
Yogurt
National Retail Report - Dairy Vol 91 - No. 31
Friday, August 2, 2024 - Page 7
REGIONAL -- ORGANIC DAIRY PRODUCTS
NORTHEAST U.S.
SOUTHEAST U.S.
MIDWEST U.S.
Commodity
Type
Pack Size
Price
Stores
Wtd
Price
Stores
Wtd
Price
Stores
Wtd
Range
with
Avg
Range
with
Avg
Range
with
Avg
Ads
Price
Ads
Price
Ads
Price
Butter
1 lb
8.69
122
8.69
6.99
86
6.99
7.46
67
7.46
Cheese
Natural Varieties
6-8 oz Shred
3.00
228
3.00
Cheese
Natural Varieties
6-8 oz Sliced
3.00 - 6.99
280
3.74
Cottage Cheese
16 oz
6.79
122
6.79
5.29
86
5.29
5.66
67
5.66
Cream Cheese
8 oz
3.99
122
3.99
Milk
All Fat Tests
Half Gallon
3.50 - 5.49
450
4.41
2.99 - 5.99
4852
4.67
2.99 - 4.68
863
3.38
Milk
All Fat Tests
Gallon
6.98 - 8.34
2682
7.66
Sour Cream
16 oz
3.99 - 4.50
138
4.18
Yogurt
Greek
32 oz
6.99
86
6.99
6.29
67
6.29
Yogurt
Yogurt
32 oz
4.00
131
4.00
SOUTH CENTRAL U.S.
SOUTHWEST U.S.
NORTHWEST U.S.
Commodity
Type
Pack Size
Price
Stores
Wtd
Price
Stores
Wtd
Price
Stores
Wtd
Range
with
Avg
Range
with
Avg
Range
with
Avg
Ads
Price
Ads
Price
Ads
Price
Butter
1 lb
5.98 - 6.74
1296
6.02
7.46
109
7.46
Cheese
Natural Varieties
6-8 oz Sliced
5.57 - 6.99
293
6.46
Cottage Cheese
16 oz
3.99 - 4.85
143
4.44
5.03
109
5.03
Cream Cheese
8 oz
4.50
107
4.50
4.13
109
4.13
Flavored Milk
All Fat Tests
Half Gallon
3.69
115
3.69
3.69
103
3.69
Ice Cream
14-16 oz
10.25
109
10.25
Milk
All Fat Tests
Half Gallon
2.99 - 5.99
523
4.33
2.99 - 5.99
1029
4.57
2.99 - 3.98
223
3.71
Sour Cream
16 oz
3.86 - 4.50
182
4.24
3.95
109
3.95
Yogurt
Greek
32 oz
6.29 - 6.49
143
6.39
6.29
109
6.29
4.49
123
4.49
Yogurt
Yogurt
32 oz
4.49
75
4.49
4.49 - 5.39
218
4.94
Commodity
Type
Pack Size
ALASKA U.S.
HAWAII U.S.
Price
Range
Stores
with
Ads
Wtd
Avg
Price
Price
Range
Stores
with
Ads
Wtd
Avg
Price
Milk
All Fat Tests
Half Gallon
3.49 - 4.66
20
4.02
National Retail Report - Dairy Vol 91 - No. 31
Friday, August 2, 2024 - Page 8
REGIONAL DEFINITIONS
As used in this report, regions include the following states:
NORTHEAST U.S.
Connecticut, Delaware, Massachusetts, Maryland, Maine, New Hampshire, New
Jersey, New York, Pennsylvania, Rhode Island and Vermont
SOUTHEAST U.S.
Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee,
Virginia and West Virginia
MIDWEST U.S.
Iowa, Illinois, Indiana, Kentucky, Michigan, Minnesota, North Dakota, Nebraska, Ohio,
South Dakota and Wisconsin
SOUTH CENTRAL U.S.
Arkansas, Colorado, Kansas, Louisiana, Missouri, New Mexico, Oklahoma, and Texas
SOUTHWEST U.S.
Arizona, California, Nevada and Utah
NORTHWEST U.S.
Idaho, Montana, Oregon, Washington, and Wyoming
ALASKA
Alaska
HAWAII
Hawaii
NATIONAL
Continental United States
1--Dairy Market News surveys nearly 130 retailers, comprising over 22,000 individual stores, with online weekly advertised
features.
2--As of October 1, 2022, the previous year weighted average prices and store counts will be calculated using the date from
the prior year that most closely matches the current report date.
Source: USDA, AMS, Dairy Market News
www.ams.usda.gov/market-news/dairy
https://mymarketnews.ams.usda.gov/ | https://mymarketnews.ams.usda.gov/viewReport/2995
USDA is an equal opportunity provider and employer
Dairy Market News
United States Department of Agriculture
Agricultural Marketing Service Dairy Programs Market Information Branch
Volume 91, Report 31 July 29 – August 2, 2024
GENERAL NUMBER
(608) 422-8587
Elizabeth Frederick
(608) 422-8591
EUROPE
Mike Bandli
(608) 422-8592
Mike.Bandli@USDA.GOV
ORGANIC/OCEANIA/NATIONAL
Roman Caraman
(608) 422-8593
Roman.Carama[email protected]
WEST U.S.
Andrew Mattheis
(608) 422-8590
Andrew.Mattheis@USDA.GOV
EAST U.S./NATIONAL
Isabel McNeill
(608) 422-8594
EAST U.S.
Benjamin Huntley
(608)422-8605
Benjamin.H[email protected]v
CENTRAL U.S./SOUTH AMERICA
Israel Weber
(608) 422-8601
DIRECTOR, DAIRY MARKET NEWS
Janet Linder
(608) 422-8588
Janet.Linder@USDA.GOV
NATIONAL SUPERVISOR, DAIRY MARKET NEWS
Mike Bandli
(608) 422-8592
Mike.Bandli@USDA.GOV
RECORDED INFORMATION SYSTEM
(608) 422-8602
FAX
(608) 240-6689
________________________
USDA, Dairy Market News
4600 American Parkway, STE 106
Madison, WI 53718-8334
Additional Dairy Market News Information:
DMN Website: https://www.ams.usda.gov/market-news/dairy
DMN MARS (My Market News): https://mymarketnews.ams.usda.gov/
