Supply and demand are constantly affecting pricing in the dairy industry.

Updated every Friday, IPAP’s weekly market recap report offers the latest figures, insight and trends, courtesy of the experts at the U.S. Department of Agriculture. IPAP’s report presented here hones in on barrel cheese, block cheese and butter.

Daily Markets

Apr. 12-16, 2021 (Week 16)

 

Mobile users: Scroll side-to-side to view the full table.

Market Apr. 12 Apr. 13 Apr. 14 Apr. 15 Apr. 16 Weekly Avg. Previous Avg. Prior Year
Barrel

1.7650

1.7200

1.6800

1.6575

1.6900

1.7025

1.5835 1.0115
Block

1.8600

1.8050

1.7600

1.7400

1.7800

1.7890

1.7995 1.0080
AA

1.9050

1.8950

1.8775

1.8775

1.8500

1.8810

1.8420

1.1575

Cheese

“After a respective bump up on both block and barrel prices Monday, cheese market prices have stumbled each subsequent day following. Contacts suggest it is due to the announcement from the USDA regarding a redirection from the Farmers to Families Food Box Program. Still, contacts say food service demand has picked up week by week. Demand for barrels has increased, naturally, with food service upticks. Therefore, Western cheese contacts relay tightening barrel supplies. Spot milk prices ranged from $5 under to $1 under Class. Although milk prices are edging higher, there is still an abundant supply for cheesemakers throughout the nation during flush.

Butter

“Cream supplies are ample in the West but tighter throughout the Central and East regions. Ice cream producers are pulling heavier cream volumes to build inventory heading into summer, but butter churns are maintaining seasonally active schedules. Regionally, retail orders vary, but food service demand continues to build nationwide. Butter market tones are stable. Bulk prices range from 1.0 to 8.0 cents above the market across the country this week.”