Milk Prices Fell In July

The Wisconsin all milk price for July 2021 was $17.70 per hundredweight according to the latest USDA National Agricultural Statistics Service report. This was 60 cents lower than last month’s price and $4.60 lower than last July’s price.

The U.S. all milk price for July was $17.90 per cwt, 20 cents higher than Wisconsin’s price but 50 cents lower than last month’s U.S. price. All the 24 major milk producing states had a lower price when compared with June. Ohio had the largest price decrease, down $1.20 to $18.30 per cwt.

The Chicago Mercantile Exchange 40‐pound block cheese price closed at $1.71 per pound on Aug. 31, while barrels were $1.38 per pound. The CME butter price was $1.76 and a half per pound.

For the week ending Aug. 21, the Agricultural Marketing Service U.S. weekly 40‐pound block cheese price averaged just over $1.69 and a half per pound, and 500 pound barrels adjusted to 38 percent moisture averaged just over $1.41 per pound. The U.S. butter price was about $1.73 per pound.