Wisconsin Farmers See Price Increase for Milk in May
Saturday, June 29th, 2019 -- 9:13 AM
Wisconsin farmers received an average price of $18.10 per hundredweight for their milk in May, which was the highest all milk price since November 2017.According to the latest USDA Agricultural Prices report, that was 20-cents more than last month's price and $1.30 higher than the same time a year earlier. The U.S. milk price was $18.00 per cwt, 10-cents lower than Wisconsin's price, but 30-cents higher than last month. All 24 of the major milk producing states had a higher price when compared with April. Meanwhile, the Chicago Mercantile Exchange 40-pound block cheese price closed at $1.83 per pound on June 27, while barrels were $1.76 per pound. The CME butter price was $2.41 per pound.
For the week ending June 22, the Agricultural Marketing Service U.S. weekly 40-pound block cheese price averaged $1.75 per pound, and 500 pound barrels adjusted to 38 percent moisture averaged $1.58 per pound. The U.S. butter price was $2.35 per pound. (Wisconsin Ag Connection)
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