Wisconsin's Farm Gate Milk Price Hits $19.00Wisconsin Ag Connection - December 29, 2017
Wisconsin farmers received an average price of $19.00 per hundredweight for their milk in November. According to the latest USDA Agricultural Prices report, that was 50-cents more than last month's price and 30 cents higher than the same time a year
The U.S. milk price for November was $18.10 per cwt, 90-cents lower than Wisconsin's price, but 20 cents higher than last month. Four of the 23 major milk producing states had a lower price when compared with October, while 19 states showed an increase.
The Chicago Mercantile Exchange 40-pound block cheese price closed at $1.52 per pound on December 28, while barrels were $1.44 per pound. The CME butter price was $2.20 per pound.
For the week ending December 23, the Agricultural Marketing Service U.S. weekly 40-pound block cheese price averaged $1.55 per pound, and 500 pound barrels adjusted to 38 percent moisture averaged $1.64 per pound. The U.S. butter price was $2.23 per pound.