CME Dairy Price Flash

MD_DA997                                                                                  
DA                                                                                        
MD DA997 CME Group - Daily Cash Trading - Week to Date                                    
                                                                                          
                                                                                          
MADISON, WI.  October 23, 2012 (REPORT 43)                                                

      CME Group, CHICAGO, IL                                                              
                                                                                          
   Daily Cash Trading on Tuesday, October 23, 2012                                        
                                                                                          
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                 :            CLOSE          :        CHANGE                              
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CHEESE                                                                                    
                 :                           :                                            
  BARRELS        :            $2.0100        :         .0400                              
                 :                           :                                            
  40# BLOCKS     :            $2.0450        :         .0350                              
                 :                           :                                            
NONFAT DRY MILK                                                                           
                 :                           :                                            
  EXTRA GRADE    :            $1.5600        :          N.C.                              
                 :                           :                                            
  GRADE A        :            $1.5600        :          N.C.                              
                 :                           :                                            
BUTTER                                                                                    
                 :                           :                                            
  GRADE AA       :            $1.8900        :        -.0125                              
                 :                           :                                            
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DAILY CASH CLOSES AND CHANGES                                    
                                                                 
COMMODITY     MONDAY    TUESDAY   WEDNESDAY   THURSDAY    FRIDAY 
              OCT 22     OCT 23     OCT 24     OCT 25     OCT 26 
                                                                 
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CHEESE                                                           
BARRELS      $1.9700    $2.0100                                  
            (+.0525)   (+.0400)                                  
                                                                 
40# BLOCKS   $2.0100    $2.0450                                  
            (+.0100)   (+.0350)                                  
                                                                 
NONFAT DRY MILK                                                  
EXTRA GRADE  $1.5600    $1.5600                                  
             (N.C.)     (N.C.)                                   
                                                                 
GRADE A      $1.5600    $1.5600                                  
             (N.C.)     (N.C.)                                   
                                                                 
BUTTER                                                           
GRADE AA     $1.9025    $1.8900                                  
            (+.0225)   (-.0125)                                  
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Close represents US $ per pound. Change is price change from     
previous close. Information disseminated by USDA, Dairy Market   
News - Madison, WI                                               
1231C   (608) 278-4200                                           

1. Penn State Dairy Team schedules “Tools for Teams” webinars
2. Ag markets generally mixed again Tuesday morning
3. Will this summer be a repeat of 2012?
4. What do dairy exports mean for Minnesota?
5. Drop in U.S. underground water levels has accelerated
6. Farmland values: Not falling but not accelerating as fast

1. 4 rules for growing a business or industry
2. D.C. Watch: Farm bill progressing
3. April milk production up 0.3 percent
4. Class III futures close out quietly last week
5. What are the drivers of profit in your dairy herd?
6. Seven jobs more dangerous than farming

1. Commentary: Slanting the statistics
2. World food supply depends on character, virtuous leadership
3. Buffet concerned about soil and starvation
4. Cold spring stunts upper Midwest hay crop
5. N.M. rancher charged with 43 counts of animal cruelty
6. 2014 Farm Bill: Are we near an agreement?