Wisconsin farmers expected to receive average of US$19.80/cwt. for milk in January, up US$3.60 year-over-year, USDA says

MADISON, Wisconsin , February 2, 2012 (press release) – Wisconsin’s January milk price is expected to average $19.80 per hundredweight (cwt.). This price is $1.10 lower than De-cember’s price, but $3.60 higher than January 2011.

The expected U.S. milk price for January is $19.20 per cwt. This is 60 cents below December’s price and 60 cents below Wis- consin’s price. Twenty-one of the major milk producing states are predicting a price decrease from December to January. Wisconsin and Michigan are anticipating the largest declines in price, falling $1.10 and $1.00 per cwt., respectively. Idaho’s price is expected to decrease 80 cents, while Minnesota is an- ticipating a 60 cent decline.

The Chicago Mercantile Exchange (CME) 40-pound block cheese price closed at $1.5100 per pound on January 31, while barrels were $1.4950 per pound. The CME butter price was $1.5050 per pound.

For the week ending January 21, 2012, the National Agricul- tural Statistics Service U.S. weekly 40-pound block cheese price averaged $1.5899 per pound, and 500 pound barrels adjusted to 38 percent moisture averaged $1.6053 per pound. The U.S. butter price was $1.5923 pound.

The Agricultural Marketing Service (AMS) Class III price for January will be released on February 3, 2012.

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