January Milk Prices Up From Last Year
Wisconsin Ag Connection - 03/04/2014
Wisconsin farmers received an average price of $23.80 per hundredweight for their milk in January 2014, up $3.30 from January 2013, according to the USDA National Agricultural Statistics Service Agricultural Prices Report. The February 2014 price is also expected to rise $1.10 cents to $24.90 per cwt.
The expected U.S. milk price for February is $24.70 per cwt., 20 cents lower than Wisconsin's price, but $1.20 higher than the January U.S. price. All of the major milk producing states are expecting an increase in price. Idaho is anticipating the largest increase, up $2.00 from January to February. New York
is also expecting a large increase, up $1.30 per cwt.
The Chicago Mercantile Exchange 40-pound block cheese price closed at $2.22 per pound on February 28, while barrels were $2.20 per pound. The CME butter price was $1.88 per pound.
For the week ending February 22, the Agricultural Marketing Service U.S. weekly 40-pound block cheese price averaged $2.25 per pound, and 500 pound barrels adjusted to 38 percent moisture averaged $2.25 per pound. The U.S. butter price was $1.83 per pound.