Milk rose to 17.37 USD/CWT on July 3, 2025, up 0.29% from the previous day. Over the past month, Milk's price has fallen 7.16%, and is down 11.92% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Milk - values, historical data, forecasts and news - updated on July of 2025.

How much is a gallon of milk? In 2024, the average retail price of whole fortified milk in the United States was *** U.S. dollars, which was a decrease from the previous year. Milk production Dairy farming is an agricultural business which is engaged in the long-term milk production within the dairy industry. Dairy farming is a large contributor to the overall economy in many states. California, Wisconsin, and Idaho had the highest milk supply in 2022. Continuing the trend of each year breaking the record for milk production, an estimated ***** billion pounds of milk were produced in 2023. Milk consumption Since 2011, there has been a steady decline in milk consumption in the United States, with just **** liters consumed per capita compared to **** in 2011. This could be explained by consumers’ increasing shift towards plant-based dairy alternatives. In 2019, ** percent of consumers consumed soy products at least once a week, up from ** percent in 2010.

Fresh whole milk, fortified, sold per gallon regardless of packaging type. Includes organic and non-organic milk."

United States Long Term Projections: Dairy: Price Received By Dairy Farmers: All Milk data was reported at 25.575 0.01 USD/cwt in 2034. This records an increase from the previous number of 25.436 0.01 USD/cwt for 2033. United States Long Term Projections: Dairy: Price Received By Dairy Farmers: All Milk data is updated yearly, averaging 24.416 0.01 USD/cwt from Dec 2022 (Median) to 2034, with 13 observations. The data reached an all-time high of 25.575 0.01 USD/cwt in 2034 and a record low of 20.342 0.01 USD/cwt in 2023. United States Long Term Projections: Dairy: Price Received By Dairy Farmers: All Milk data remains active status in CEIC and is reported by U.S. Department of Agriculture. The data is categorized under Global Database’s United States – Table US.RI039: Agricultural Projections: Dairy.

Dairy Price Index in World increased to 154.40 Index Points in June from 153.60 Index Points in May of 2025. This dataset includes a chart with historical data for World Dairy Price Index.

Get the latest insights on price movement and trend analysis of Raw Milk in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Fresh whole milk, fortified, sold per gallon regardless of packaging type. Includes organic and non-organic milk.

Average consumer prices are calculated for household fuel, motor fuel, and food items from prices collected for the Consumer Price Index (CPI). Average prices are best used to measure the price level in a particular month, not to measure price change over time. It is more appropriate to use CPI index values for the particular item categories to measure price change.

Prices, except for electricity, are collected monthly by BLS representatives in the 75 urban areas priced for the CPI. Electricity prices are collected for the BLS for the same 75 areas on a monthly basis by the Department of Energy using mail questionnaires. All fuel prices include applicable Federal, State, and local taxes; prices for natural gas and electricity also include fuel and purchased gas adjustments.

For more information, please visit the Bureau of Labor Statistics (https://www.bls.gov/cpi/factsheets/average-prices.htm).

Get the latest insights on price movement and trend analysis of Flavored Milk in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

United States Consumer Price: Average: Milk, Fresh data was reported at 2.913 USD/lb in Oct 2018. This records an increase from the previous number of 2.890 USD/lb for Sep 2018. United States Consumer Price: Average: Milk, Fresh data is updated monthly, averaging 3.119 USD/lb from Jul 1995 (Median) to Oct 2018, with 280 observations. The data reached an all-time high of 3.961 USD/lb in Jul 2008 and a record low of 2.459 USD/lb in Sep 1995. United States Consumer Price: Average: Milk, Fresh data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.P001: Consumer Price.

The statistical data generated through the administration of the Federal milk order program is recognized widely as one of the benefits of this program. These data provide comprehensive and accurate information on milk supplies, utilization, and sales, as well as class prices established under the orders and prices paid to dairy farmers (producers). The sources of this data are monthly reports of receipts and utilization, producer payroll reports, and reports of nonpool handlers filed by milk processors (handlers) subject to the provisions of the various milk orders. The local market administrator (MA) uses these reports to determine pool obligations under the order and to verify proper payments to producers. Auditors employed by the MA review handler records to assure the accuracy of reported information. Reporting errors are corrected; if necessary, pool obligations are revised. After the pool obligations have been determined the local market administrator summarizes the individual handler reports and submits a series of order summary reports to the Market Information Branch (MIB) in Dairy Programs. The MIB summarizes the individual order data and disseminates this information via monthly, bimonthly, and annual releases or publications. Since milk marketing order statistics are based on reports filed by the population of possible reporting firms and not a sample, these statistics are comprehensive. Also, since these individual firm reports are subject to audit and verification, these statistics are accurate. The Federal milk order statistics database contains historical information, beginning in January 2000, generated by the administration of the Federal milk order program. Most of the information in the database has been published previously by the Market Information Branch in Dairy Programs either on its web site or in the Dairy Market News Report. New users are encouraged to use the "User Guide" to learn how to navigate the search screens. If you are interested in a description of the Federal milk order statistics program, or want current data, in ready made table form, use the "Current Information" link.

Taiwan Farm Price: Livestock: Milk data was reported at 33.200 NTD/kg in Oct 2018. This records a decrease from the previous number of 35.290 NTD/kg for Sep 2018. Taiwan Farm Price: Livestock: Milk data is updated monthly, averaging 22.480 NTD/kg from Jan 1996 (Median) to Oct 2018, with 274 observations. The data reached an all-time high of 35.310 NTD/kg in Jul 2018 and a record low of 13.240 NTD/kg in Mar 1997. Taiwan Farm Price: Livestock: Milk data remains active status in CEIC and is reported by Council of Agriculture, Executive Yuan. The data is categorized under Global Database’s Taiwan – Table TW.P005: Farm Price: Livestock.

Overview
This report presents the detailed financial performance of dairy farms from 2013-14 to 2015-16. It includes analysis of changes in farm performance, investment and debt by farm size to highlight variations in performance across the dairy industry. The analysis in the report is mainly based on data collected in 2015-16 from the Australian Dairy Industry Survey (ADIS) conducted between July and November 2015 and funded by the Department of Agriculture and Water Resources.

Key Issues
• At the national level, average farm cash income of dairy farms declined from around $156 000 in 2014-15 to an estimated $101 000 in 2015-16 as a result of lower farmgate milk prices and a slight reduction in milk production per farm. • The average farm gate milk price is estimated to fall in 2015-16 to around 43 cents a litre, following a step-down in milk payments to dairy farmers by major processors, particularly in Victoria, Tasmania, South Australia and southern New South Wales. • In 2015-16 average farm incomes are estimated to have declined in all dairy regions except Western Australia. • In 2015-16 an estimated 73 per cent of dairy farms received a milk price that covered at least the cash costs of production. • An average 28 per cent of dairy farms received a price for milk that covered all costs of production (including all cash costs, finance costs, depreciation and unpaid labour) in 2015-16, while 21 per cent of farms received a price that covered cash costs of production, finance costs and depreciation but excluding labour. • Since deregulation of the dairy industry in 2000, the number of dairy farms in Australia has fallen by around 47 per cent. This fall has been concentrated among farms with less than $3 million in total capital value (in 2015-16 dollars). The number of farms with more than $3 million in total capital has increased since 2000. • Average dairy farm debt increased from $346 000 in 1999-2000 to $861 500 in 2014-15 in real terms. Increased borrowing by individual farms for land purchases or new on-farm infrastructure and equipment contributed to the increase in average debt.

This statistic shows projections for milk prices in the United States from 2019 to 2028. In 2028, it is expected that the price for milk in the U.S. will be 19.89 U.S. dollars per cwt.

This Dataset contains state-wise daily wholesale and retail price of essential commodity Milk

Serbia Average Retail Price: Milk & Dairy Products: Milk data was reported at 87.470 RSD/l in 2016. This records an increase from the previous number of 84.330 RSD/l for 2015. Serbia Average Retail Price: Milk & Dairy Products: Milk data is updated yearly, averaging 37.250 RSD/l from Dec 1996 (Median) to 2016, with 21 observations. The data reached an all-time high of 87.470 RSD/l in 2016 and a record low of 2.460 RSD/l in 1996. Serbia Average Retail Price: Milk & Dairy Products: Milk data remains active status in CEIC and is reported by Statistical Office of the Republic of Serbia. The data is categorized under Global Database’s Serbia – Table RS.P001: Average Retail Prices.

Most milk produced in the UK is bought by dairies (registered ‘milk purchasers’) for processing. Defra runs a monthly survey in England and Wales to collect information on the volume, value and protein content of milk purchased from farms. Similar surveys are run in Scotland and Northern Ireland. The UK average farm-gate milk price, protein content and butterfat content is then calculated.

Australia Producer Price: Milk: Producer Price: Weighted Average data was reported at 72.000 0.01 AUD/l in 2024. This records a decrease from the previous number of 74.800 0.01 AUD/l for 2023. Australia Producer Price: Milk: Producer Price: Weighted Average data is updated yearly, averaging 27.068 0.01 AUD/l from Jun 1962 (Median) to 2024, with 63 observations. The data reached an all-time high of 74.800 0.01 AUD/l in 2023 and a record low of 5.200 0.01 AUD/l in 1962. Australia Producer Price: Milk: Producer Price: Weighted Average data remains active status in CEIC and is reported by Australian Bureau of Agricultural and Resource Economics and Sciences. The data is categorized under Global Database’s Australia – Table AU.P002: Agricultural Commodity Prices.

Monthly national milk cost of production estimates for 2005-present, and annual milk cost of production estimates by State and by size of operation for 2005 to 2012.