Wisconsin farmers received an average price of $19.00 per hundredweight (cwt), or about $1.63 per gallon, for their milk in February 2017 according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report. This was 30 cents lower than last month’s price but $2.90 higher than last February’s price.
The U.S. milk price for February was $18.50 per cwt, 50 cents lower than Wisconsin’s price and 40 cents lower than last month’s U.S. price. Twenty-one of the 23 major milk producing states had a decrease in price from January to February. Idaho was the only state to have a price increase, up 10 cents to $18.40 per cwt. One state, Iowa, had no change in price.
The Chicago Mercantile Exchange* (CME) 40‐pound block cheese price closed at $1.5100 per pound on March 30, while barrels were $1.4500 per pound. The CME butter price was $2.1000 per pound.
For the week ending March 25, 2017, the Agricultural Marketing Service* U.S. weekly 40‐pound block cheese price averaged $1.4849 per pound, and 500 pound barrels adjusted to 38 percent moisture averaged $1.4730 per pound. The U.S. butter price was $2.1658 per pound.
