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1 2019 MONTHLY AVERAGES FEB : MAR : APR AREA and PRODUCT : JAN : 1 CME Group - DAILY TRADING BUTTER GRADE AA 2.2481 2.2659 2.2773 2.2635 - DAILY TRADING CHEESE 1.2379 1.3867 1.4910 1.5925 BARRELS 40 POUND BLOCKS 1.4087 1.5589 1.5908 1.6619 DRY MILK - DAILY TRADING NONFAT GRADE A 1.0075 0.9916 0.9671 0.9986 WHEY - DAILY TRADING 0.3 304 0.3420 EXTRA GRADE 0.4640 0.3559 2 DAIRY MARKET NEWS CHEESE WISCONSIN PROCESS AMERICAN 5 POUND LOAF 1.5164 1.6126 1.7158 1.8530 1.9720 2.0908 2.1480 2.2422 BRICK AND/OR MUENSTER 5 POUNDS CHEDDAR 40 POUND BLOCK 1.6845 1.8016 1.8580 1.9522 MONTEREY 1.8370 1.9558 2.0130 2.1072 JACK 10 POUNDS BLUE 5 POUNDS 2.5620 2.6808 2.7380 2.8322 MOZZARELLA 5 -6 POUNDS 2.0295 2.1483 2.2055 2.2997 SWISS 6- 9 POUND CUTS 2.7577 2.6351 2.5597 2.5717 NORTHEAST CHEDDAR 40 POUND BLOCK 1.9945 2.1133 2.1705 2.2647 PROCESS AMERICAN 5 POUND SLICED 1.6214 1.7176 1.8208 1.9580 MUENSTER 2.0120 2.1308 2.1880 2.2822 14 POUND CUTS 3.3452 3.2226 3.1472 3.1592 SWISS 10- WEST PROCESS AMERICAN 5 POUND LOAF 1.4514 1.5476 1.6508 1.7880 CHEDDAR 40 POUND BLOCK 1.7408 1.8595 1.9167 2.0109 CHEDDAR 10 POUND CUTS 1.8095 1.9283 1.9855 2.0797 JACK 10 POUNDS 1.7895 1.9083 1.9655 2.0776 MONTEREY SWISS 6- 9 POUND CUTS 2.9964 2.8738 2.7985 2.8105 FLUID PRODUCTS CLASS II CREAM - F.O.B. 2.4925 2. NORTHEAST 5644 2.6702 2.8091 F.O.B. 2.6433 2.6582 2.7342 2.8389 UPPER MIDWEST - CONDENSED SKIM - NORTHEAST - F.O.B. CLASS II 0.7567 0.7342 0.7679 0.8330 CLASS III 0.7357 0.7250 0.7060 0.7386 __________________________________________________________________________________________________________________________________________________________________________________________________ 1 Monthly averages are a simple average of all the closes during the month. 2 Monthly averages are based on weekly prices and are time- weighted according to the number of workdays in the month - Saturdays, Sundays and National Holidays excluded.

2 2019 MONTHLY A VERAGES : FEB : MAR : APR AREA and PRODUCT : JAN 2 DAIRY MARKET NEWS, CONTINUED DRY PRODUCTS DRY MILK NONFAT CENTRAL/EAST - LOW/MEDIUM HEAT 0.9669 0.9922 0.9766 0.9935 --MOSTLY 0.9821 0.9976 0.9849 0.9899 - HIGH HEAT 1.0769 1.0995 1.0899 1.1160 CENTRAL/EAST WEST - LOW/MEDIUM HEAT 0.9848 0.9841 0.9680 0.9868 --MOSTLY 0.9807 0.9892 0.9660 0.9873 - HIGH HEAT 1.1199 1.1320 1.1060 1.1297 WEST WHEY POWDER - 0.4488 0.4271 0.4027 0.3987 CENTRAL --MOSTLY 0.4676 0.4416 0.4163 0.3922 - 0.4645 0.4136 0.3830 0.3709 WEST --MOSTLY 0.4689 0.4405 0.3976 0.3807 NORTHEAST - EXTRA AND GRADE A 0.4924 0.4501 0.4042 0.3898 WHEY PROTEIN CONCENTRATE 34% CENTRAL AND WEST 0.9293 0.9101 0.8993 0.8938 MOSTLY 0.8929 0.8995 0.9025 0.9025 -- ANIMAL FEED - MILK REPLACER 0.3655 0.3376 0.3105 0.2852 CENTRAL DRY BUTTERMILK CENTRAL/EAST 0.9780 0.9986 0.9990 1.0259 WEST 0.9250 0.9592 0.9481 0.9610 --MOSTLY 0.9286 0.9592 0.9600 0.9807 DRY WHOLE MILK NATIONAL 1.5750 1.6018 1.6221 1.6457 LACTOSE CENTRAL AND WEST 0.3652 0.3250 0.3345 0.3449 -- MOSTLY 0.3700 0.3639 0.3650 0.3525 CASEIN RENNET 2.4540 2.5699 2.7336 3.0466 ACID 3.0651 3.0835 3.1051 3.1570 __________________________________________________________________________________________________________________________________________________________________________________________________ 2 Monthly averages are based on weekly prices and are time- weighted according to the number of workdays in the month - Saturdays, Sundays and National Holidays excluded.

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