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September Milk Price Expected to be a Record
Wisconsin Ag Connection - 09/30/2014

Wisconsin farmers received an average price of $24.40 per hundredweight for their milk in August. And according to the USDA's National Agricultural Statistics Service, the September price is expected to rise $1.90 to $26.30 per cwt. If realized, it would tie a record set in April for the highest monthly milk price received by Wisconsin farmers.

The expected U.S. milk price for September is $25.00 per cwt., about $1.30 lower than Wisconsin's price, but 90-cents higher than the August U.S. price. All of the 23 major milk producing states are predicting an increase in price from August to September. Minnesota is expecting the largest increase, up $2.00 to $26.20 per cwt, while Arizona is anticipating the smallest increase, up just 30 cents to $24.30 per cwt.

The Chicago Mercantile Exchange 40-pound block cheese price closed at $2.23 per pound on September 29, while barrels were $2.22 per pound. The CME butter price was $2.96 per pound.

And for the week ending September 20, the Agricultural Marketing Service U.S. weekly 40-pound block cheese price averaged $2.34 per pound, and 500 pound barrels adjusted to 38 percent moisture averaged $2.37 per pound. The U.S. butter price was $2.92 per pound.


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