The National Agricultural Statistics Service reported today that butter prices received for 25-kilogram and 68-pound boxes meeting United States Department of Agriculture (USDA) Grade AA standards averaged $1.42 per pound for the week ending March 10, 2012. The U.S. price per pound decreased 0.8 cent from the previous week.
Cheddar Cheese prices received for U.S. 40-pound blocks averaged $1.49 per pound for the week, an increase of 0.5 cent. The price for 500-pound barrels adjusted to 38% moisture averaged $1.51 per pound, up 0.8 cent.