Wisconsin milk price higher than last month, still lagging behind last year
The Wisconsin all milk price for April 2018 was $16.30 per hundredweight (cwt) according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report. This was 10 cents higher than last month’s price but 90 cents lower than last April’s price.
The U.S. all milk price for April was $15.80 per cwt, 50 cents lower than Wisconsin’s price but 20 cents higher than last month’s U.S. price. Twenty-one of the 23 major milk producing states had a higher price when compared with March. Idaho was the only state to have a lower price, down 20 cents to $15.30 per cwt., while Texas had no change in its price from last month.
The Chicago Mercantile Exchange* (CME) 40‐pound block cheese price closed at $1.6075 per pound on May 30, while barrels were $1.5575 per pound. The CME butter price was $2.4250 per pound.
For the week ending May 19, 2018, the Agricultural Marketing Service U.S. weekly 40‐pound block cheese price averaged $1.6785 per pound, and 500 pound barrels adjusted to 38 percent moisture averaged $1.6147 per pound. The U.S. butter price was $2.3243 per pound.