milk prices
June 28, 2019

Mailbox Milk Price Average Lowest Since 2009

 |  By: Jim Dickrell

Federal Milk Marketing Order data shows mailbox milk prices averaged just $15.72/cwt in 2018, down $1.59 from 2017 and the lowest since 2009.

The United States Department of Agriculture defines the mailbox price as “the net price received by dairy farmers for milk, including all payments received for milk sold and deducting costs associated with marketing the milk.” Note: All the prices are reported at whatever level of butterfat test shipped, and is not adjusted to a uniform 3.5%.

Milk prices were down throughout the country, with New Mexico reporting the lowest mailbox price at $13.78. Michigan prices were also below par, at $14.17. The highest price was in Florida, at $17.74.

In the Minnesota and Wisconsin, prices came in at $16.21 and $16.27, respectively, about 50¢/cwt above the national average. Wisconsin had the sixth highest price in the country, Minnesota, ninth.

New York saw prices average $15.84 for the year, and eastern Pennsylvania averaged just $15.59.

California was also below average. The California Department of Food and Agriculture reports the state’s mailbox price averaged $15.11 through the first 10 months of 2018. California joined the Federal Order system in November, and mailbox prices for the last two months of 2018 are yet available.

Also read: 

Dairy Farmers Cull 258,000 Cows in May

Farmers to Receive Retroactive Dairy Margin Coverage Payments in July 

Lower Milk Production Bodes Well for Fall Milk Prices