Wisconsin Farmers Receive Average Price of $18.40 Per Cwt in January
Monday, March 2nd, 2015 -- 8:12 AM
(Wisconsin Ag Connection) -Wisconsin farmers received an average price of $18.40 per hundredweight for their milk in January 2015, according to the USDA's National Agricultural Statistics Service.This was down $2.40 per cwt. from December and is the fourth consecutive month to month drop in price, falling $8.20 since September of last year.
The U.S. milk price for January was $17.60 per cwt, 80 cents lower than Wisconsin's price and $2.80 below the December U.S. price. All of the 23 major milk producing states had a decrease in price from December to January, with California reporting the smallest decrease of $1.90 to $15.81 per cwt.
The Chicago Mercantile Exchange 40-pound block cheese price closed at $1.54 per pound on February 27, while barrels were $1.49 per pound. The CME butter price was $1.69 per pound. For the week ending February 21, the Agricultural Marketing Service U.S. weekly 40-pound block cheese price averaged $1.53 per pound, and 500 pound barrels adjusted to 38 percent moisture averaged $1.52 per pound. The U.S. butter price was $1.71 per pound.
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