December Milk Price Clocks in at $18.10

The Wisconsin all milk price for December 2020 was $18.10 per hundredweight (cwt) according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report. This was $4.60 lower than last month’s price and $3.30 lower than last December’s price.

The U.S. all milk price for December was $18.50 per cwt, 40 cents higher than Wisconsin’s price but $2.80 lower than last month’s U.S. price. Nineteen of the 24 major milk producing states had a lower price when compared with November and 5 states has a higher price. Oregon had the largest price decrease, down $6.20 to $19.70 per cwt.

The Chicago Mercantile Exchange* (CME) 40‐pound block cheese price closed at $1.5750 per pound on January 29, while barrels were $1.3900 per pound. The CME butter price was $1.2450 per pound. For the week ending January 23, 2021, the Agricultural Marketing Service* U.S. weekly 40‐pound block cheese price averaged $1.7836 per pound, and 500 pound barrels adjusted to 38 percent moisture averaged $1.6256 per pound. The U.S. butter price was $1.4194 per pound.