Milk Prices Look to be Swinging Upward
Wisconsin Ag Connection - 05/01/2013
Wisconsin farmers received an average price of $19.40 per hundredweight for their milk in March. That's an increase of $1.70 from the same time a year ago, according to the USDA National Agricultural Statistics Service. The April 2013 price is expected to increase 30 cents to $19.70 per cwt. The expected
U.S. milk price for March is $19.10 per cwt., 30 cents lower than Wisconsin's expected March price.
The agency says 11 of the major milk producing states are anticipating an increase in price from March to April, while nine are expecting a decrease and three are expecting no change. California is predicting the largest increase in price, rising 89 cents to $18.40 per cwt. Idaho and Minnesota are both anticipated
to be up 40 cents per cwt. On the other hand, Michigan's price is expected to fall 30 cents to $19.40 per cwt.
The Chicago Mercantile Exchange 40-pound block cheese price closed at $1.66 per pound on April 30, while barrels were $1.88 per pound. The CME butter price was $1.69 per pound.
For the week ending April 20, 2013, the Agricultural Marketing Service U.S. weekly 40-pound block cheese price averaged $1.76 per pound, and 500 pound barrels adjusted to 38 percent moisture averaged $1.72 per pound. The U.S. butter price was $1.69 pound.
The Agricultural Marketing Service Class III price for March will be released later today.