January 3 next update
January 10

CME 40# blocks avg $2.0144
Jan 4Feb 1Mar 1Mar 28Apr 26May 24Jun 21Jul 19Aug 16Sep 13Oct 11Nov 8Dec 61.41.61.82.02.2Dollars
Week20132012
Jan 41.761.591
Jan 111.7281.596
Jan 181.7041.55
Jan 251.6531.558
Feb 11.6451.506
Feb 81.6471.497
Feb 151.6671.477
Feb 221.6431.482
Mar 11.5971.475
Mar 81.5721.479
Mar 151.6031.477
Mar 221.6511.535
Mar 281.6941.59
Apr 51.7161.491
Apr 121.8091.489
Apr 191.8781.488
Apr 261.8661.503
May 31.8941.527
May 101.871.535
May 171.7751.5
May 241.761.515
May 311.7451.61
Jun 71.7321.608
Jun 141.7361.645
Jun 211.7231.62
Jun 281.6661.649
Jul 51.6581.64
Jul 121.6721.654
Jul 191.6981.716
Jul 261.7551.715
Aug 21.7711.704
Aug 91.7891.819
Aug 161.7721.866
Aug 231.691.844
Aug 301.7371.851
Sep 61.7891.828
Sep 131.831.846
Sep 201.8011.949
Sep 271.7672.057
Oct 41.7652.094
Oct 111.7752.1
Oct 181.8362.024
Oct 251.8632.064
Nov 11.8842.11
Nov 81.8872.024
Nov 151.8131.854
Nov 221.8231.825
Nov 271.8651.812
Dec 61.8991.76
Dec 131.8961.746
Dec 201.9671.729
Dec 2721.74
AMS 40# blocks avg $1.9133
Jan 4Feb 1Mar 1Mar 28Apr 26May 24Jun 21Jul 19Aug 16Sep 13Oct 11Nov 8Dec 61.41.61.82.02.2DollarsMay 32013:1.857
Week20132012
Jan 4 1.7471.581
Jan 111.7541.572
Jan 181.7441.59
Jan 251.7351.583
Feb 11.7011.559
Feb 81.6791.531
Feb 151.6591.505
Feb 221.6621.494
Mar 11.6611.487
Mar 81.6451.493
Mar 151.6271.496
Mar 221.6111.513
Mar 281.6221.539
Apr 51.6591.519
Apr 121.6931.489
Apr 191.7611.505
Apr 261.8161.503
May 31.8571.517
May 101.8881.527
May 171.8851.527
May 241.8431.521
May 311.8111.516
Jun 71.7781.552
Jun 141.7551.588
Jun 211.751.623
Jun 281.7461.635
Jul 51.7221.642
Jul 121.7071.645
Jul 191.6861.649
Jul 271.6931.677
Aug 21.7161.711
Aug 91.7311.717
Aug 161.7651.754
Aug 231.7771.812
Aug 301.7741.847
Sep 61.7491.853
Sep 131.7471.852
Sep 201.781.848
Sep 271.8061.891
Oct 41.8041.959
Oct 111.7892.032
Oct 181.7892.089
Oct 251.7982.072
Nov 11.8251.961
Nov 81.8572.078
Nov 151.8772.056
Nov 221.871.997
Nov 291.8461.92
Dec 61.8421.644
Dec 131.871.814
Dec 201.8891.783
Dec 271.9131.765

Weekly Cheese Prices

January 3: For trading concluding on January 3, the Chicago Mercantile Exchange 40-pound blocks averaged $2.0144. Barrels averaged $1.8825.

USDA AMS sales for 40-pound block cheese prices ending on December 27, U.S. prices averaged $1.9133 based on 7,474,584 pounds in sales.

These prices are from the Chicago Mercantile Exchange, a daily spot-market for cheese and the Agricultural Marketing Service (AMS) weekly cheese price survey. Weekly prices set by the Chicago Mercantile Exchange are used for cheese sales the following week.

Prices released by the AMS are from 96 manufacturing plants selling 1 million pounds or more of dairy products; there are 17 plants reporting 40-pound cheddar blocks. Announced at 3:00 p.m. on Wednesday, the AMS price is always a half week behind. For example, the AMS price announced April 4 was for the week ending March 31.

This page now reports weekly average prices following Friday trading. Further information can be found on our daily cheese trading web page [Chicago Mercantile Exchange Cheese Daily Prices]

The Chicago Merc replaced the National Cheese Exchange, historically an important market for pricing 80 to 90 percent of the wholesale cheese in the U.S. Also, the NCE has had a tremendous influence on farm milk prices because of the great effect it has on the basic formula price; the BFP is the foundation price for all prices under federal milk marketing orders.

Note: Since September 1, 1998, cheese has been traded daily at the Chicago Mercantile Exchange. CME cash cheese trading takes place from 10:45 to 10:50 a.m. with a closing call that can go a maximum of another 10 minutes. This web page will continue to report yearly activity, while [Chicago Mercantile Cheese Exchange Daily Prices] will report the last five days of cheese market trading.

Since USDA began using the NASS survey and AMS report cheese price to update the BFP, the NASS/AMS 40-pound block cheese survey price has become an important benchmark.
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