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

Andrew Rogers

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.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.