The Wisconsin all milk price for July was $18.80 per hundredweight. According to the latest USDA Agricultural Prices report, that was 90-cents higher than last month’s price and $3.40 more than the same month a year earlier. It’s also the highest price received by Wisconsin farmers since November 2017.
The U.S. all milk price for July was $18.70 per cwt.–10-cents lower than Wisconsin’s price, but 60-cents higher than in June. All of the 24 major milk producing states had an increase in farm-paid milk prices, with Minnesota having the largest gain at $1.00 to $19.20 per cwt.
Meanwhile, the Chicago Mercantile Exchange 40-pound block cheese price closed at $1.93 per pound on August 30, while barrels were $1.73 per pound. The CME butter price was $2.19 per pound. For the week ending August 24, the Agricultural Marketing Service U.S. weekly 40-pound block cheese price averaged $1.87 per pound, and 500 pound barrels adjusted to 38 percent moisture averaged $1.76 per pound. The U.S. butter price was $2.37 per pound.
Source: Wisconsin AG Connection