CME Dairy Price Flash

MD_DA997                                                                                  
DA                                                                                        
MD DA997 CME Group - Daily Cash Trading - Week to Date                                    
                                                                                          
                                                                                          
MADISON, WI.  December 20, 2012 (REPORT 51)                                               

      CME Group, CHICAGO, IL                                                              
                                                                                          
   Daily Cash Trading on Thursday, December 20, 2012                                      
                                                                                          
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                 :            CLOSE          :        CHANGE                              
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CHEESE                                                                                    
                 :                           :                                            
  BARRELS        :            $1.6500        :         .0125                              
                 :                           :                                            
  40# BLOCKS     :            $1.7400        :         .0200                              
                 :                           :                                            
NONFAT DRY MILK                                                                           
                 :                           :                                            
  EXTRA GRADE    :            $1.5600        :          N.C.                              
                 :                           :                                            
  GRADE A        :            $1.5575        :          N.C.                              
                 :                           :                                            
BUTTER                                                                                    
                 :                           :                                            
  GRADE AA       :            $1.5500        :        -.0100                              
                 :                           :                                            
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DAILY CASH CLOSES AND CHANGES                                    
                                                                 
COMMODITY     MONDAY    TUESDAY   WEDNESDAY   THURSDAY    FRIDAY 
              DEC 17     DEC 18     DEC 19     DEC 20     DEC 21 
                                                                 
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CHEESE                                                           
BARRELS      $1.6300    $1.6300    $1.6375    $1.6500            
            (+.0050)    (N.C.)    (+.0075)   (+.0125)            
                                                                 
40# BLOCKS   $1.7250    $1.7200    $1.7200    $1.7400            
             (N.C.)    (-.0050)    (N.C.)    (+.0200)            
                                                                 
NONFAT DRY MILK                                                  
EXTRA GRADE  $1.5600    $1.5600    $1.5600    $1.5600            
             (N.C.)     (N.C.)     (N.C.)     (N.C.)             
                                                                 
GRADE A      $1.5575    $1.5575    $1.5575    $1.5575            
             (N.C.)     (N.C.)     (N.C.)     (N.C.)             
                                                                 
BUTTER                                                           
GRADE AA     $1.5700    $1.5700    $1.5600    $1.5500            
            (-.0250)    (N.C.)    (-.0100)   (-.0100)            
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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                                               
1241C   (608) 278-4200                                           

1. 4 rules for growing a business or industry
2. Corn planting pace turns from record slow to record fast
3. Ag markets seemed to follow gold higher Monday afternoon
4. Online systems keeps exporters abreast of market regulations
5. April milk production up 0.3 percent
6. New crop cottonseed market rallies in face of tight supplies

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

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