Da 3-1 (6-07) Dairy Products Prices Special Report National Agricultural Statistics Service USDA Washington, D.C. Released June 28, 2007, by the National Agricultural Statistics Service (NASS), U.S. Department of Agriculture. For information on "Dairy Products Prices Special Report" call Charmaine Wilson at 202-690-2168, office hours 7:00 a.m. to 4:30 p.m. ET. Nonfat Dry Milk Revisions After the National Agricultural Statistics Service confirmed an error in industry reporting of nonfat dry milk data, NASS issued revisions on April 13, 2007 to previously published data for the weeks of March 31, March 24, and March 17. To determine the extent of the misreporting, NASS subsequently conducted a special data validation of all qualifying nonfat dry milk plants for the period covering April 29, 2006 to April 14, 2007. As of the date of this publication, NASS has contacted all plants with sales of nonfat dry milk in order to review reporting criteria, verify previously reported data, and make any necessary revisions. During the verification process, five firms made revisions to previously reported price and volume data for nonfat dry milk. These changes are included in this report. The revisions resulted in changes ranging from -0.8 to 8.5 cents per pound in the NASS-reported weekly average price of nonfat dry milk. The Dairy Market Enhancement Act of 2000, U.S. Code Title 7, Section 1627, requires mandatory reporting of the price, quantity, and moisture content of butter, nonfat dry milk, cheddar cheese, and dry whey. Dairy products prices data, collected weekly by NASS, are used by USDA to assist in the determination of the fair market value of raw milk. These data are also used to implement the National Dairy Support Program. Each week, NASS surveys plants that produce and sell more than one million pounds of nonfat dry milk annually. Specific, detailed criteria must be met for sales to qualify as usable data. Reporting rules were established to allow standard price discovery that best reflects current market conditions. At the end of this publication are details on what information is included and excluded from the weekly reporting process of nonfat dry milk. Nonfat Dry Milk by Week, United States, 2006-2007 -------------------------------------------------------------------------------- : Price : Volume :------------------------------------------------------------------- Week : Original : Revised : Change :Original : Revised : Change -------------------------------------------------------------------------------- : ---------- Dol./Lb. ---------- ------------- Pounds ------------ : Apr 29, 2006: 0.8416 0.8337 -0.0079 20,230,567 16,706,005 -3,524,562 May 6, 2006 : 0.8338 0.8313 -0.0025 20,052,855 13,686,112 -6,366,743 May 13, 2006: 0.8282 0.8249 -0.0033 22,047,665 17,272,523 -4,775,142 May 20, 2006: 0.8298 0.8217 -0.0081 26,232,673 18,498,327 -7,734,346 May 27, 2006: 0.8243 0.8224 -0.0019 27,095,229 19,204,354 -7,890,875 Jun 3, 2006 : 0.8229 0.8203 -0.0026 24,998,906 18,489,150 -6,509,756 Jun 10, 2006: 0.8210 0.8202 -0.0008 26,361,734 20,131,233 -6,230,501 Jun 17, 2006: 0.8200 0.8185 -0.0015 27,831,021 19,743,323 -8,087,698 Jun 24, 2006: 0.8243 0.8208 -0.0035 28,249,327 19,914,273 -8,335,054 Jul 1, 2006 : 0.8270 0.8230 -0.0040 35,057,559 21,639,028 -13,418,531 Jul 8, 2006 : 0.8229 0.8259 0.0030 22,588,833 17,732,457 -4,856,376 Jul 15, 2006: 0.8302 0.8368 0.0066 24,273,987 17,204,177 -7,069,810 Jul 22, 2006: 0.8331 0.8426 0.0095 21,622,634 17,284,881 -4,337,753 Jul 29, 2006: 0.8370 0.8424 0.0054 26,030,634 20,725,864 -5,304,770 Aug 5, 2006 : 0.8455 0.8490 0.0035 21,032,148 18,302,221 -2,729,927 Aug 12, 2006: 0.8474 0.8492 0.0018 12,963,857 11,383,928 -1,579,929 Aug 19, 2006: 0.8463 0.8549 0.0086 19,483,089 14,562,302 -4,920,787 Aug 26, 2006: 0.8542 0.8608 0.0066 18,772,434 13,016,020 -5,756,414 Sep 2, 2006 : 0.8509 0.8620 0.0111 16,281,477 11,226,480 -5,054,997 Sep 9, 2006 : 0.8509 0.8650 0.0141 14,503,897 9,550,255 -4,953,642 Sep 16, 2006: 0.8573 0.8725 0.0152 15,010,790 10,665,369 -4,345,421 Sep 23, 2006: 0.8566 0.8783 0.0217 11,957,015 7,936,042 -4,020,973 Sep 30, 2006: 0.8791 0.8915 0.0124 10,033,052 8,582,722 -1,450,330 Oct 7, 2006 : 0.8845 0.8910 0.0065 13,859,578 9,555,185 -4,304,393 Oct 14, 2006: 0.8939 0.9004 0.0065 13,105,698 10,255,681 -2,850,017 Oct 21, 2006: 0.9184 0.9248 0.0064 11,306,860 9,542,056 -1,764,804 Oct 28, 2006: 0.9423 0.9484 0.0061 10,783,526 9,110,257 -1,673,269 Nov 4, 2006 : 0.9590 0.9638 0.0048 9,166,077 8,316,928 -849,149 Nov 11, 2006: 0.9790 0.9971 0.0181 9,662,348 8,353,038 -1,309,310 Nov 18, 2006: 0.9997 1.0108 0.0111 10,081,480 8,690,710 -1,390,770 Nov 25, 2006: 0.9981 1.0157 0.0176 7,676,253 6,343,020 -1,333,233 Dec 2, 2006 : 1.0167 1.0364 0.0197 12,646,202 10,538,879 -2,107,323 Dec 9, 2006 : 1.0291 1.0588 0.0297 12,546,735 10,768,225 -1,778,510 Dec 16, 2006: 1.0160 1.0476 0.0316 10,042,487 8,008,721 -2,033,766 Dec 23, 2006: 1.0400 1.0628 0.0228 9,856,952 8,212,586 -1,644,366 Dec 30, 2006: 1.0072 1.0406 0.0334 7,509,796 5,827,394 -1,682,402 Jan 6, 2007 : 1.0469 1.0925 0.0456 12,367,906 8,323,700 -4,044,206 Jan 13, 2007: 1.0457 1.0902 0.0445 24,966,183 15,725,494 -9,240,689 Jan 20, 2007: 1.0902 1.1307 0.0405 19,956,100 15,553,455 -4,402,645 Jan 27, 2007: 1.0872 1.1271 0.0399 18,339,583 14,350,806 -3,988,777 Feb 3, 2007 : 1.0796 1.1611 0.0815 22,960,702 12,978,527 -9,982,175 Feb 10, 2007: 1.0945 1.1517 0.0572 18,424,632 12,431,997 -5,992,635 Feb 17, 2007: 1.1020 1.1870 0.0850 20,621,106 12,929,690 -7,691,416 Feb 24, 2007: 1.1366 1.1943 0.0577 18,995,088 13,663,846 -5,331,242 Mar 3, 2007 : 1.1444 1.1959 0.0515 15,592,070 12,571,605 -3,020,465 Mar 10, 2007: 1.1608 1.2296 0.0688 17,557,997 12,578,086 -4,979,911 Mar 17, 2007: 1.2521 1.2509 -0.0012 14,422,047 14,253,178 -168,869 Mar 24, 2007: 1.3231 1.3250 0.0019 13,284,241 13,326,504 42,263 Mar 31, 2007: 1.2967 1.2957 -0.0010 12,719,020 11,682,072 -1,036,948 Apr 7, 2007 : 1.3519 1.3513 -0.0006 15,817,929 15,693,279 -124,650 Apr 14, 2007: 1.3937 1.3934 -0.0003 13,363,297 13,236,175 -127,122 -------------------------------------------------------------------------------- NONFAT DRY MILK REPORT FORM INSTRUCTIONS Sale: When a transaction is completed, i.e. nonfat dry milk is "shipped out" and title transfer occurs. Report sales of USDA Extra Grade and USPH Grade A, nonfortified nonfat dry milk. Price is f.o.b. processing plant/storage center. Report prices and quantities for all 25 kilogram bag, 50 pound bag, tote, and tanker sales. Report sales quantities in total pounds. Include: Nonfat dry milk manufactured using low or medium heat process. Total volume sold and total dollars received or price per pound. CME Sales initial manufacturer sales only. CCC purchases under the Dairy Price Support and related programs. Exclude: Transportation and clearing charges. Sales of nonfat dry milk more than 180 days old. Nonfat dry milk manufactured using high heat process. Sales of instant nonfat dry milk. Sales of dry buttermilk products. Intra-company sales. Resales of purchased nonfat dry milk. Forward pricing sales: sales in which the selling price was set (and not adjusted) 30 or more days before the transaction was completed. 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