October's Average Price for Milk for Wisconsin Farmers
Friday, December 1st, 2017 -- 8:00 AM
(Wisconsin Ag Connection) -Wisconsin farmers received an average price of $18.50 per hundredweight for their milk in October.According to the latest USDA Agricultural Prices report, that was 20-cents higher than the previous month and $1.50 more than October 2016. The U.S. milk price for October was $17.90 per cwt, 60-cents lower than Wisconsin's price, but 10-cents higher than last month. Ten of the 23 major milk producing states had a lower price when compared with September, while 12 states went up. Meanwhile, the Chicago Mercantile Exchange 40-pound block cheese price closed at $1.60 per pound on November 30, while barrels were $1.51 per pound.
The CME butter price was $2.21 per pound. For the week ending November 25, the Agricultural Marketing Service U.S. weekly 40-pound block cheese price averaged $1.74 per pound, and 500 pound barrels adjusted to 38 percent moisture averaged $1.74 per pound. The U.S. butter price was $2.27 per pound.
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