Milk Prices Slowly Moving Upward
Wisconsin Ag Connection - 09/04/2013
Wisconsin farmers received an average price of $19.10 per hundredweight for their milk in July 2013, up $1.30 from a year earlier. According to the USDA National Agricultural Statistics Service, the August 2013 price is expected to rise 10 cents to $19.20 per cwt.
The expected U.S. milk price for August is $19.30 per cwt., 10 cents higher than Wisconsin's expected August price and 30 cents higher than the July U.S. price. With the exception of Florida and Missouri, all of the major milk producing states are predicting a higher price in August. Michigan is anticipating
a 50 cent increase, while Idaho's price is expected to rise 40 cents.
The Chicago Mercantile Exchange 40-pound block cheese price closed at $1.78 per pound on August 30, while barrels were $1.77 per pound. The CME butter price was $1.43 per pound.
For the week ending August 24, the Agricultural Marketing Service U.S. weekly 40-pound block cheese price averaged $1.77 per pound, and 500 pound barrels adjusted to 38 percent moisture averaged $1.79 per pound. The U.S. butter price was $1.35 per pound.