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USDA says all-milk price up in November

The U.S. milk price for November was $18.10 per cwt, 20 cents higher than last month’s U.S. price. The USDA’s National Ag Statistics Service says four of the 23 major milk producing states had a lower price when compared with October, while 19 states had an increase in price.

Despite an increase of 30 cents per hundredweight, Michigan had the lowest price in the nation, at $16.60 per hundredweight. Wisconsin had the largest one month increase from $18.50 in October to $19.00 a hundredweight in November, tying Texas for the top November price in the U.S.

The Chicago Mercantile Exchange (CME) 40‐pound block cheese price closed at $1.5275 per pound on December 28, while barrels were $1.44 per pound. The CME butter price was $2.2075 per pound.

For the week ending December 23, 2017, the Agricultural Marketing Service U.S. weekly 40‐pound block cheese price averaged $1.5543 per pound, and 500-pound barrels adjusted to 38 percent moisture averaged $1.6489 per pound. The U.S. butter price was $2.2357 per pound.