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.

In the United States in 2024, consumers wanting to purchase organic yogurt would have to pay about **** U.S. dollars for ** ounces. * ounces of organic butter would cost an average of **** U.S. dollars.

The average retail price for homogenized milk hit an all-time high with **** Canadian dollars per four liters in February 2022 in Canada.

What is homogenized milk?

Homogenization is the process of breaking down the fat molecules within milk to ensure that they do not separate. This prevents the fat molecules rising to the top and creating a layer of cream, therefore creating a more consistent product with a longer shelf life. Homogenization generally occurs after pasteurization, which is a heating process to eliminate bacteria.

The Canadian milk market

The volume of milk produced in Canada has steadily risen year-on-year to reach approximately ***** million hectoliters in 2020. Quebec and Ontario are the provincial frontrunners in milk production, both producing over ** million hectoliters in that year. Quebec and Ontario are also home to the largest number of certified organic milk producers in Canada.

United States - Average Price: Milk, Fresh, Whole, Fortified (Cost per Gallon/3.8 Liters) in the Northeast Census Region - Urban was 4.42000 Index in October of 2024, according to the United States Federal Reserve. Historically, United States - Average Price: Milk, Fresh, Whole, Fortified (Cost per Gallon/3.8 Liters) in the Northeast Census Region - Urban reached a record high of 4.66900 in May of 2022 and a record low of 2.45000 in July of 1995. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Average Price: Milk, Fresh, Whole, Fortified (Cost per Gallon/3.8 Liters) in the Northeast Census Region - Urban - last updated from the United States Federal Reserve on July of 2025.

Monthly average retail prices for selected products, for Canada and provinces. Prices are presented for the current month and the previous four months. Prices are based on transaction data from Canadian retailers, and are presented in Canadian current dollars.

United States - Average Price: Milk, Fresh, Whole, Fortified (Cost per Gallon/3.8 Liters) in U.S. City Average was 4.02200 Index in May of 2025, according to the United States Federal Reserve. Historically, United States - Average Price: Milk, Fresh, Whole, Fortified (Cost per Gallon/3.8 Liters) in U.S. City Average reached a record high of 4.21800 in November of 2022 and a record low of 2.45900 in September of 1995. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Average Price: Milk, Fresh, Whole, Fortified (Cost per Gallon/3.8 Liters) in U.S. City Average - last updated from the United States Federal Reserve on July of 2025.

This statistic shows the average retail price for * liters of partly skimmed milk in Canada from January 2016 to February 2022. The retail price stayed fairly constant for most of 2021, at around *** Canadian dollars, but jumped up to *** Canadian dollars in February 2022.

Milk fell to 17.38 USD/CWT on August 14, 2025, down 0.23% from the previous day. Over the past month, Milk's price has risen 0.17%, but it is still 15.55% lower than a year ago, 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 August of 2025.

United States - Average Price: Milk, Fresh, Low-Fat, Reduced Fat, Skim (Cost per Gallon/3.8 Liters) in the South Census Region - Urban was 3.57700 Index in May of 2024, according to the United States Federal Reserve. Historically, United States - Average Price: Milk, Fresh, Low-Fat, Reduced Fat, Skim (Cost per Gallon/3.8 Liters) in the South Census Region - Urban reached a record high of 3.99000 in May of 2022 and a record low of 2.64900 in July of 2018. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Average Price: Milk, Fresh, Low-Fat, Reduced Fat, Skim (Cost per Gallon/3.8 Liters) in the South Census Region - Urban - last updated from the United States Federal Reserve on July of 2025.

The United States produced about ***** billion pounds of milk for human consumption in 2024. In 2000, this figure amounted to around ***** billion pounds. The volume of cow milk produced worldwide has risen steadily over the last several years. U.S. milk market While milk production has seen an increase over the last several years, milk retail sales have been dropping. The retail price of milk has been fluctuating for the past several years and peaked in 2022 at **** U.S. dollars per gallon. Leading U.S. milk brands Among the dairy brands in the U.S., private label milk has a higher level of sales than any name brand whole milk. Among name brands of whole milk, Hood generated the most dollar sales, at over *** million U.S. dollars in 2022. In the flavored milk category, the leading name brand was TruMoo, which sold nearly ** million units in 2018. However, private label flavored milk sold many more units than even the leading name brand.

United States - Average Price: Milk, Fresh, Low-Fat, Reduced Fat, Skim (Cost per Gallon/3.8 Liters) in the West Census Region - Urban was 3.92200 Index in May of 2025, according to the United States Federal Reserve. Historically, United States - Average Price: Milk, Fresh, Low-Fat, Reduced Fat, Skim (Cost per Gallon/3.8 Liters) in the West Census Region - Urban reached a record high of 4.28400 in July of 2022 and a record low of 2.38100 in August of 2018. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Average Price: Milk, Fresh, Low-Fat, Reduced Fat, Skim (Cost per Gallon/3.8 Liters) in the West Census Region - Urban - last updated from the United States Federal Reserve on July of 2025.

United States - Average Price: Milk, Fresh, Low-Fat, Reduced Fat, Skim (Cost per Gallon/3.8 Liters) in U.S. City Average was 3.59200 Index in June of 2025, according to the United States Federal Reserve. Historically, United States - Average Price: Milk, Fresh, Low-Fat, Reduced Fat, Skim (Cost per Gallon/3.8 Liters) in U.S. City Average reached a record high of 3.88800 in August of 2022 and a record low of 2.56700 in July of 2018. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Average Price: Milk, Fresh, Low-Fat, Reduced Fat, Skim (Cost per Gallon/3.8 Liters) in U.S. City Average - last updated from the United States Federal Reserve on August of 2025.