November Milk Prices Rises Past October Marks

The Wisconsin all milk price for November 2020 was $22.70 per hundredweight (cwt) according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report. This was $1.20 higher than last month’s price and 20 cents higher than last November’s price. The U.S. all milk price for November was $21.30 per cwt, $1.40 lower than Wisconsin’s price but $1.10 higher than last month’s U.S. price. All of the 24 major milk producing states had a higher price when compared with October except Idaho. Idaho’s price was down 50 cents to $21.20 per cwt. Oregon had the highest price in the nation at $25.90 per cwt.

The Chicago Mercantile Exchange* (CME) 40‐pound block cheese price closed at $1.6400 per pound on December 30, while barrels were $1.5075 per pound. The CME butter price was $1.4475 per pound. For the week ending December 26, 2020, the Agricultural Marketing Service* U.S. weekly 40‐pound block cheese price averaged $1.6641 per pound, and 500 pound barrels adjusted to 38 percent moisture averaged $1.4767 per pound. The U.S. butter price was $1.4840 per pound.