How much is a gallon of milk? In 2024, the average retail price of whole fortified milk in the United States was 4.1 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 228.3 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 65.2 liters consumed per capita compared to 78.3 in 2011. This could be explained by consumers’ increasing shift towards plant-based dairy alternatives. In 2019, 35 percent of consumers consumed soy products at least once a week, up from 24 percent in 2010.

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.

Milk decreased 0.06 USD/CWT or 0.32% since the beginning of 2025, 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 March of 2025.

Fresh, low fat or light milk sold, per half-gallon carton. Includes organic and non-organic milk."

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 global price per unit in the 'Milk Substitutes' segment of the food market was forecast to continuously increase between 2024 and 2029 by in total 0.3 U.S. dollars (+9.58 percent). After the ninth consecutive increasing year, the price per unit is estimated to reach 3.45 U.S. dollars and therefore a new peak in 2029. Notably, the price per unit of the 'Milk Substitutes' segment of the food market was continuously increasing over the past years.Find other key market indicators concerning the average consumption per capita and sales volume change. The Statista Market Insights cover a broad range of additional markets.

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

Milk Price in the United States - 2023. Find the latest marketing data on the IndexBox platform.

In 2023, the average price of milk was 0.64 U.S. dollars per unit. Milk alternatives were priced 0.97 U.S. dollars. The difference between the price of meat and its alternatives in the U.S. retail market was even higher per unit.

Graph and download economic data for Producer Price Index by Commodity: Farm Products: Raw Milk (WPU0161) from Jan 1947 to Feb 2025 about milk, agriculture, commodities, PPI, inflation, price index, indexes, price, and USA.

This statistic shows projections for nonfat dry milk wholesale prices in the United States from 2010 to 2027. In 2019, it is expected that the wholesale price for one pound of nonfat dry milk in the U.S. will be 0.89 U.S. dollars.

In 2023, shipments abroad of whole fresh milk decreased by -19.7% to 71K tons, falling for the second consecutive year after two years of growth.

In 2023, sweetened condensed and evaporated milk imports into the United States reduced modestly to 30K tons, with a decrease of -3.3% against 2022.

In the United States in 2024, consumers wanting to purchase organic yogurt would have to pay about 2.81 U.S. dollars for 32 ounces. 8 ounces of organic butter would cost an average of 2.78 U.S. dollars.

United States Consumer Price: Average: NE: Milk, Fresh data was reported at 3.354 USD/gal in May 2018. This records an increase from the previous number of 3.334 USD/gal for Apr 2018. United States Consumer Price: Average: NE: Milk, Fresh data is updated monthly, averaging 3.222 USD/gal from Jul 1995 (Median) to May 2018, with 159 observations. The data reached an all-time high of 3.958 USD/gal in Dec 2014 and a record low of 2.450 USD/gal in Jul 1995. United States Consumer Price: Average: NE: Milk, Fresh data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.P001: Consumer Price.

Price for Powdered, Condensed or Evaporated Milk in the United States - 2023. Find the latest marketing data on the IndexBox platform.

The global price per unit in the 'Milk' segment of the food market was forecast to continuously increase between 2024 and 2029 by in total 0.4 U.S. dollars (+27.03 percent). After the tenth consecutive increasing year, the price per unit is estimated to reach 1.84 U.S. dollars and therefore a new peak in 2029. Notably, the price per unit of the 'Milk' segment of the food market was continuously increasing over the past years.Find further information concerning the volume in the 'Confectionery & Snacks' segment of the food market in the United States and the revenue in the 'Fish & Seafood' segment of the food market in China. The Statista Market Insights cover a broad range of additional markets.

The average for 2021 based on 11 countries was 106.96 index points. The highest value was in Uruguay: 156.22 index points and the lowest value was in Paraguay: 79.73 index points. The indicator is available from 2017 to 2021. Below is a chart for all countries where data are available.

United States CPI U: FB: Food: Home: Dairy Products: Milk: Oth Fresh Milk data was reported at 142.402 Dec1997=100 in Oct 2018. This records an increase from the previous number of 141.059 Dec1997=100 for Sep 2018. United States CPI U: FB: Food: Home: Dairy Products: Milk: Oth Fresh Milk data is updated monthly, averaging 136.300 Dec1997=100 from Dec 1997 (Median) to Oct 2018, with 251 observations. The data reached an all-time high of 161.038 Dec1997=100 in Dec 2014 and a record low of 98.500 Dec1997=100 in Jul 1998. United States CPI U: FB: Food: Home: Dairy Products: Milk: Oth Fresh Milk data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.I002: Consumer Price Index: Urban.

United States CPI U: sa: FB: Food: Home: Dairy Products: Milk: Fresh Whole data was reported at 197.688 1982-1984=100 in Jun 2018. This records an increase from the previous number of 196.039 1982-1984=100 for May 2018. United States CPI U: sa: FB: Food: Home: Dairy Products: Milk: Fresh Whole data is updated monthly, averaging 99.400 1982-1984=100 from Jan 1947 (Median) to Jun 2018, with 858 observations. The data reached an all-time high of 232.388 1982-1984=100 in May 2014 and a record low of 30.100 1982-1984=100 in Jun 1947. United States CPI U: sa: FB: Food: Home: Dairy Products: Milk: Fresh Whole data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.I006: Consumer Price Index: Urban: sa.