January milk prices: Florida, Virginia top $26/cwt.

 Resize text         Printer-friendly version of this article Printer-friendly version of this article

USDA’s preliminary estimate of the January all-milk price, at $23.20/cwt., is a new record high, surpassing the previous record of $22.10/cwt. set in November 2012, according to Brian Gould, University of Wisconsin-Madison dairy economist. It compares to a revised estimate of $22.00/cwt., in December 2013, and $19.90/cwt. in January 2013.

Individual states saw even higher prices, led by Florida, ay $26.80/cwt., and Virginia, at $26.20/cwt. Minnesota, Oregon, Pennsylvania, Vermont and Washington could see prices of $24.00/cwt. or higher, according to the USDA preliminary estimates.

Among the largest milk-producing states, California's January all-milk price averaged $22.30/cwt.; Wisconsin, $23.90/cwt.; New York, $23.80/cwt., and Idaho, $22.20/cwt.

January 2014 Class III futures settled at $21.12/cwt. on Friday, which should be close to USDA’s federal order January Class III price, to be announced on Wednesday, Feb. 5. If realized, it would be the fourth-highest Class III price on record, Gould said. The highest Class III price was $21.67/cwt., in August 2011. 

For more information, visit the University of Wisconsin-Madison Understanding Dairy Markets website: http://future.aae.wisc.edu/tab/prices.html.

Comments (0) Leave a comment 

e-Mail (required)


characters left

AG10 Series Silage Defacers

Loosen silage while maintaining a smooth, compacted bunker space resulting in better feed and less waste. This unique tool pierces, ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Leads to Insight