If anything has been consistent with commodity prices lately, it has been the consistent ups and down each day. USDA recently released a report about Wisconsin Agriculture Prices and Wisconsin Milk Prices for June, showing a drop in many prices for the state.
The Wisconsin all milk price for June 2021 was $18.30 per hundredweight (cwt) according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report. This was $1.40 lower than last month’s price and $1.50 lower than last June’s price. The U.S. all milk price for June was $18.40 per cwt, 10 cents higher than Wisconsin’s price but 80 cents lower than last month’s U.S. price. Of the 24 major milk producing states, 18 had a lower price when compared with May. New Mexico had the lowest price in the nation, at $15.80 per cwt., while Florida had the highest price, at
$22.70 per cwt.
The Chicago Mercantile Exchange* (CME) 40‐pound block cheese price closed at $1.6350 per pound on July 29, while barrels were $1.3925 per pound. The CME butter price was $1.6225 per pound. For the week ending July 24, 2021, the Agricultural Marketing Service* U.S. weekly 40‐pound block cheese price averaged $1.6624 per pound, and 500 pound barrels adjusted to 38 percent moisture averaged $1.5884 per pound. The U.S. butter price was $1.7275 per pound.
The June 2021 average price received by farmers for corn in Wisconsin was $5.65 per bushel according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report. This was down 28 cents from May but $2.47 above the previous June. The June soybean price, at $14.50 per bushel, was down 20 cents from May but up $6.31 from the previous June. The June oat price was $3.27 per bushel, 16 cents below the May price and down 10 cents from June 2020.
All hay prices in Wisconsin averaged $173.00 per ton in June, up $9.00 from May and $19.00 above June 2020. The alfalfa hay price averaged $183.00 per ton in June, up $10.00 from May and $24.00 above the previous June. The other hay price averaged $118.00, down $16.00 from May and down $5.00 from the June 2020 price.