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Milk rose to 17.40 USD/CWT on July 16, 2025, up 0.29% from the previous day. Over the past month, Milk's price has fallen 6.90%, and is down 11.99% 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.
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Fresh whole milk, fortified, sold per gallon regardless of packaging type. Includes organic and non-organic milk."
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Fresh whole milk, fortified, sold per gallon regardless of packaging type. Includes organic and non-organic milk."
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.
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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.
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. Additional information is collected by the Rural Payments Agency (RPA) on the protein and butterfat content of the milk. The UK average farm-gate milk price, protein content and butterfat content is then calculated.
Data from the milk production and composition statistics are an invaluable evidence base for policy makers, academics and researchers. The data is also heavily relied upon by the UK dairy sector, as well as the AHDB. The milk production and composition data is used to understand the current state of the UK dairy sector, predict supply shortages and forecast future milk prices.
As part of our ongoing commitment to compliance with the https://code.statisticsauthority.gov.uk/" class="govuk-link">Code of Practice for Official Statistics we wish to strengthen our engagement with users of milk production and composition data and better understand the use made of them and the types of decisions that they inform. Consequently, we invite users to register as a user of the milk production and composition data, so that we can retain your details and inform you of any new releases and provide you with the opportunity to take part in user engagement activities that we may run. If you would like to register as a user of the milk production and composition data, please provide your details in the attached form.
Next update: see the statistics release calendar
For further information please contact:
julie.rumsey@defra.gov.uk
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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).
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.
In 2023, the average price of milk was **** U.S. dollars per unit. Milk alternatives were priced **** U.S. dollars. The difference between the price of meat and its alternatives in the U.S. retail market was even higher per unit.
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For the fifth consecutive year, the global whole fresh milk market recorded growth in sales value, which increased by 5% to $826.8B in 2024. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2024 and is likely to continue growth in the near future.
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Learn about the various factors that impact dairy commodity prices, including supply and demand, trade policies, and weather conditions, and how they affect the prices of milk, cheese, butter, and whey protein on commodity exchanges around the world.
The price per unit in the 'Milk' segment of the food market in Russia was forecast to continuously increase between 2025 and 2030 by in total *** U.S. dollars (+***** percent). After the ***** consecutive increasing year, the price per unit is estimated to reach **** U.S. dollars and therefore a new peak in 2030. Notably, the price per unit of the 'Milk' segment of the food market was continuously increasing over the past years.Find further information concerning revenue in Finland and revenue in Russia. The Statista Market Insights cover a broad range of additional markets.
The price per unit in the 'Milk Substitutes' segment of the food market in the United States was forecast to continuously increase between 2025 and 2030 by in total 0.5 U.S. dollars (+12.47 percent). After the tenth consecutive increasing year, the price per unit is estimated to reach 4.51 U.S. dollars and therefore a new peak in 2030. 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 revenue per user (ARPU) and sales volume change. The Statista Market Insights cover a broad range of additional markets.
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This Dataset contains state-wise daily wholesale and retail price of essential commodity Milk
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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.
This publication gives previously published copies of the monthly National Statistics publication on UK milk prices and composition of milk that showed figures for 2024. Each publication gives the figures available at that time. The figures are subject to revision each month as new information becomes available.
The latest publication and accompanying data sets can be found here.
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. Additional information is collected by the Rural Payments Agency (RPA) on the protein and butterfat content of the milk. The UK average farm-gate milk price, protein content and butterfat content is then calculated.
For further information please contact:
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Explore how factors like geographic location, milk type, brand, and market conditions contribute to the varying prices of milk across the United States as of October 2023. Learn how production costs, transportation, and economic shifts impact these fluctuations.
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Graph and download economic data for Producer Price Index by Commodity: Farm Products: Raw Milk (WPU01610102) from Aug 1973 to Jun 2025 about milk, agriculture, commodities, PPI, inflation, price index, indexes, price, and USA.
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Historical and current average prices for Whole Milk in the United States, measured per gallon
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Milk rose to 17.40 USD/CWT on July 16, 2025, up 0.29% from the previous day. Over the past month, Milk's price has fallen 6.90%, and is down 11.99% 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.