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The latest USDA Retail Milk Prices Report said the price of a conventional gallon of whole milk is $3.72. Each week, Chuck Ringwalt and Andy Vance discuss a topic of importance within agriculture.
Futures followed spot prices lower today, with Q4 Class III prices settling at $22.45 per hundredweight, 45 cents lower. Ever. Ag. Friday’s Milk Production report, which showed there was more milk in August than expected, had a bearish effect on spot blocks and butter.
Milk Price: Get all information on the Price of Milk including News, Charts and Realtime Quotes.
Dairy Market News covers the supply, demand, and price situation every week on a regional, national, and international basis for milk, butter, cheese, and dry and fluid products. MMN ( MyMarketNews ) Portal
December 2022 Highlights: U.S. simple average prices are: $4.44 per gallon for conventional whole milk, $4.37 per gallon for conventional reduced fat 2% milk, $4.76 per half gallon organic whole milk, and $4.77 per half gallon organic reduced fat 2% milk.
Spot milk prices are expected to increase over the next few months. Milk production is not expected to improve anytime soon and may remain below year-ago levels for the rest of the year. The USDA reduced their estimates for milk production this year by 600 million pounds in the recent World Agricultural Supply and Demand report.
Milk increased 3.93 USD/CWT or 24.41% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Milk - values, historical data, forecasts and news - updated on November of 2024.
Dairy Market News covers the supply, demand, and price situation every week on a regional, national, and international basis for milk, butter, cheese, and dry and fluid products. Dairy Market News Working Guidelines (pdf)
December 2021 Highlights: U.S. simple average prices are: $3.77 per gallon for conventional whole milk, $3.74 per gallon for conventional reduced fat 2% milk, $4.24 per half gallon organic whole milk, and $4.25 per half gallon organic reduced fat 2% milk.
Daily CME Cash Dairy Product Prices ($/lb.)