Dairy Summary 

Netherlands dairy prices (€/tonne)

		Week Ending		% Change		Average to Date		% Ch
		18.05.2011	16.05.2012	Prev.Week	Prev.Year	2011	2012
Bulk Butter		3960.0	2400.0	0.0	-39.4	3961.0	3014.5	-23.9
SMP Feed		2210.0	1810.0	0.0	-18.1	2307.0	1936.5	-16.1
Whey Powder		840.0	790.0	1.3	-6.0	872.0	863.0	-1.0
WMP		2970.0	2360.0	0.0	-20.5	3171.5	2655.0	-16.3

French dairy prices (€/tonne)

		Week Ending		% Change		Average to Date		% Ch
		15.05.2011	13.05.2012	Prev.Week	Prev.Year	2011	2012
Butter		4100.0	2420.0	-2.0	-41.0	3964.5	3076.8	-22.4
SMP (Feed)		n.a.	n.a.	n.a.	n.a.
SMP (Food)		2450.0	2000.0	0.0	-18.4	2571.5	2179.5	-15.2
Whey		820.0	790.0	0.0	-3.7	867.5	855.0	-1.4

German dairy prices (€/tonne)

		Week Ending		% Change		Average to Date		% Ch
		18.05.2011	16.05.2012	Prev.Week	Prev.Year	2011	2012
Bulk Butter		4010.0	2630.0	0.0	-34.4	3938.0	3286.3	-16.5

UK dairy prices (€/tonne)

		Week Ending		% Change		Average to Date		% Ch
		11.05.2011	11.05.2012	Prev.Week	Prev.Year	2011	2012
Cheddar English		3000.0	2875.0	-0.9	-4.2	2926.3	2949.3	0.8
Cheddar Southern Irish		3000.0	2675.0	-6.1	-10.8	2926.3	2928.3	0.1

Oceania dairy prices ($/tonne)

		Week Ending		% Change		Average to Date		% Ch
		15.05.2011	11.05.2012	Prev.Week	Prev.Year	2011	2012
Butter		4700.0	3200.0		-31.9	4775.0	3677.5	-23.0
Cheddar		4425.0	3650.0		-17.5	4407.5	3930.0	-10.8
SMP		3750.0	3575.0		-4.7	3748.8	3553.8	-5.2
WMP		4050.0	2837.5		-29.9	4193.8	3215.0	-23.3

US dairy prices ($/tonne)

		Week Ending		% Change		Average to Date		% Ch
		15.05.2011	11.05.2012	Prev.Week	Prev.Year	2011	2012
Butter Grade AA		4242.7	2909.3	0.8	-31.4	4514.4	3219.3	-28.7
Cheddar Block		5526.5	5355.7	0.9	-3.1	5224.6	5341.1	2.2
Lactose		1013.8	2044.2	0.0	101.6	905.8	1972.3	117.7
WMP		4286.8	3339.1	-1.9	-22.1	4092.5	3627.0	-11.4