This Week's Top Story

Comment on This Week's Top Story After You've Read It

This Week's Other Stories:

EDITORIAL COMMENT: Hunger Remains A Huge Problem; Dairy Industry Can Help

OTHER NEWS: Australian Dairy Companies Applaud New China-Australia Free Trade Agreement

OTHER NEWS: Proper Animal Care Highlighted On Capitol Hill; More Humane Certification Advocated

GUEST COLUMNIST:  
Dairy Exports Will Be Lower in ‘15 Dairy Situation & Outlook by Bob Cropp

COMPANY PROFILE:  
NYC’s Newest Cheese Cave Created In 1850s Underground Lagering Tunnels
Crown Finish Caves Partners With Parish Hill Creamery’s Peter Dixon For Aging Venture

  Subscribe

What do you think about  this week's Lead Story?

Please include an e-mail address if you would like a reply.

Please tell us if you are a
Dairy product manufacturer
Dairy marketer/importer/exporter
Milk producer
Supplier to manufacturers  and marketers

 

Dairy, Cheese, Butter CPIs All Set New Records; Milk CPIs Decline

Butter CPI Almost 30% Above A Year Ago; Average Retail Cheddar, Whole Milk Prices Remain Below Record Highs

The Consumer Price Index (CPI) for dairy and related products was a record-high 228.831 in October (1982-84=100), up 0.5 percent from September and 5.6 percent higher than in October of 2013, the US Bureau of Labor Statistics (BLS) reported Thursday.

The dairy CPI has now set new record highs for three straight months, and has set new record highs seven times so far this year. The CPI hasn’t been under 220 since January.

October’s CPI for all items was 237.433, down 0.3 percent from September but 1.7 percent higher than in October of 2013. October’s CPI for food at home was 242.121, up 0.2 percent from September and 3.3 percent higher than in October of 2013.

October’s CPI for cheese and related products was a record-high 240.003, up 1.3 percent from September and 8.9 percent higher than in October of 2013. That broke the previous record of 237.822, set in August.
The cheese CPI has now been above 230 for seven straight months, and hasn’t been under 220 since June of last year.

The average retail price for a pound of natural Cheddar cheese was $5.568 in October, up slightly from September and up almost 18 cents from October of 2013. The average retail Cheddar price has now been above $5.50 per pound for nine straight months, but has remained below the record high of $5.936 per pound, set in February of 2013.

Regional average retail Cheddar cheese prices in October, according to BLS figures, were as follows: Northeast urban, $5.61 per pound, up 13 cents from September and the highest price since April, when it was $6.14; Midwest urban, $6.064 per pound, up almost five cents from September and up more than 22 cents from October of 2013; South urban, $5.192 per pound, down almost 17 cents from September but up more than seven cents from October of 2013; and West urban, $5.501 per pound, up more than five cents from September and up more than 70 cents from October of 2013.

October’s CPI for whole milk was 230.077, down 0.6 percent from September’s record high but up 8.3 percent from October of 2013. The whole milk CPI has been above 220 every month so far this year.

October’s CPI for “milk” was 157.507 (December 1997=100), down 0.5 percent from September but 5.9 percent higher than in October of 2013. October’s CPI for milk other than whole was 159.66, down 0.6 percent from September but 4.7 percent higher than in October of 2013.

The average retail price for a gallon of whole milk in October was $3.766, up more than three cents from September and up more than 30 cents from October of 2013. Still, average retail whole milk prices remain below their record high of $3.961 per gallon, set in July of 2008.

Regional average whole milk prices in October, according to BLS figures, were as follows: North...more