Recently, we’ve seen dairy prices continue to climb. Fluid milk, cheese and butter have all been up lately. We can check out the specific data in the latest Milk Prices report from the USDA National Agricultural Statistics Service. For the full report, visit nass.usda.gov.
The Wisconsin all milk price for November 2021 was $20.30 per hundredweight (cwt) according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report. This was 70 cents above last month’s price but $2.50 below last November’s price.
The U.S. all milk price for November was $20.80 per cwt, 50 cents higher than Wisconsin’s price and $1.10 higher than last month’s U.S. price. All the 24 major milk producing states had a higher price when compared with October. Texas and Virginia had the largest price increases. Both were up $1.70 per cwt from last month.
The Chicago Mercantile Exchange* (CME) 40-pound block cheese price closed at $1.9800 per pound on December 30, while barrels were $1.7100 per pound. The CME butter price was $2.4475 per pound.
For the week ending December 25, 2021, the Agricultural Marketing Service* U.S. weekly 40-pound block cheese price averaged $1.9089 per pound, and 500-pound barrels adjusted to 38 percent moisture averaged $1.6769 per pound. The U.S. butter price was $2.0643 per pound.