CME Dairy Price Flash

MD_DA997                                                                                  
DA                                                                                        
MD DA997 CME Group - Daily Cash Trading - Week to Date                                    
                                                                                          
                                                                                          
MADISON, WI.  October 25, 2012 (REPORT 43)                                                

      CME Group, CHICAGO, IL                                                              
                                                                                          
   Daily Cash Trading on Thursday, October 25, 2012                                       
                                                                                          
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                 :            CLOSE          :        CHANGE                              
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CHEESE                                                                                    
                 :                           :                                            
  BARRELS        :            $2.0600        :         .0350                              
                 :                           :                                            
  40# BLOCKS     :            $2.0900        :         .0350                              
                 :                           :                                            
NONFAT DRY MILK                                                                           
                 :                           :                                            
  EXTRA GRADE    :            $1.5600        :          N.C.                              
                 :                           :                                            
  GRADE A        :            $1.5600        :          N.C.                              
                 :                           :                                            
BUTTER                                                                                    
                 :                           :                                            
  GRADE AA       :            $1.8900        :          N.C.                              
                 :                           :                                            
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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    $2.0250    $2.0600            
            (+.0525)   (+.0400)   (+.0150)   (+.0350)            
                                                                 
40# BLOCKS   $2.0100    $2.0450    $2.0550    $2.0900            
            (+.0100)   (+.0350)   (+.0100)   (+.0350)            
                                                                 
NONFAT DRY MILK                                                  
EXTRA GRADE  $1.5600    $1.5600    $1.5600    $1.5600            
             (N.C.)     (N.C.)     (N.C.)     (N.C.)             
                                                                 
GRADE A      $1.5600    $1.5600    $1.5600    $1.5600            
             (N.C.)     (N.C.)     (N.C.)     (N.C.)             
                                                                 
BUTTER                                                           
GRADE AA     $1.9025    $1.8900    $1.8900    $1.8900            
            (+.0225)   (-.0125)    (N.C.)     (N.C.)             
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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                                               
1222C   (608) 278-4200                                           

1. New crop cottonseed market rallies in face of tight supplies
2. Corn and soybean prices continue to retrace 2012 drought rally
3. Ag markets generally mixed to start this week
4. USDA announces Conservation Reserve Program sign-up
5. South Dakota State University dairy faculty works With USAID
6. What are the drivers of profit in your dairy herd?

1. Class III futures close out quietly last week
2. D.C. Watch: Farm bill progressing
3. What are the drivers of profit in your dairy herd?
4. Weather report: Rain spreads across the Corn Belt
5. Ag markets were mixed to start the new week
6. Fire kills 17 calves at Idaho farm

1. Analysis: Dairy Security Act better for farmers, taxpayers
2. Commentary: Slanting the statistics
3. World food supply depends on character, virtuous leadership
4. Buffet concerned about soil and starvation
5. Cold spring stunts upper Midwest hay crop
6. N.M. rancher charged with 43 counts of animal cruelty