Cheese and Butter Market Update

January 6, 2023

National Dairy Products Sales Report Highlights

Butter prices received for 25-kilogram and 68-pound boxes meeting United States Department of Agriculture (USDA)
Grade AA standards averaged $2.46 per pound for the week ending December 31, 2022. The United States (US) price
per pound decreased 29.9 cents from the previous week.

Cheddar Cheese prices received for 40-pound blocks averaged $2.12 per pound for the week ending December 31,
2022. The US price per pound decreased 1.6 cents from the previous week. The prices received for 500-pound barrels
adjusted to 38 percent moisture averaged $1.86 per pound. The US price per pound decreased 5.5 cents from the
previous week.

Dry Whey prices received for bag, tote, and tanker sales meeting USDA Extra Grade standards averaged 43.7 cents per
pound for the week ending December 31, 2022. The US price per pound decreased 0.8 cents from the previous week.
Nonfat Dry Milk prices received for bag, tote, and tanker sales meeting USDA Extra Grade or United States Public
Health Service (USPHS) Grade A standards averaged $1.43 per pound for the week ending December 31, 2022. The
US price per pound decreased 0.5 cents from the previous week.

Source: USDA Dairy Market News, Cheese Reporter CME Butter and Cheese