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.

The price per unit in the 'Milk Substitutes' segment of the food market in the European Union was forecast to continuously increase between 2024 and 2029 by in total 0.3 U.S. dollars (+13.33 percent). After the ninth consecutive increasing year, the price per unit is estimated to reach 2.5 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 more key insights for the price per unit in countries and regions like the average volume per capita in the 'Milk Substitutes' segment of the food market in European Union (EU27) and the volume in the 'Milk' segment of the food market in Finland. The Statista Market Insights cover a broad range of additional markets.

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.

Graph and download economic data for Producer Price Index by Commodity: Farm Products: Raw Milk (WPU01610102) from Aug 1973 to Feb 2025 about milk, agriculture, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

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

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.

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

The United States Dairy Market is segmented by Category (Butter, Cheese, Cream, Dairy Desserts, Milk, Sour Milk Drinks, Yogurt) and by Distribution Channel (Off-Trade, On-Trade). Market Value in USD and Volume are both presented. Key Data Points observed include Per capita consumption; Population; and Dairy production.

The United States produced about 227.2 billion pounds of milk for human consumption in 2024. In 2000, this figure amounted to around 167.4 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 4.21 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 190 million U.S. dollars in 2022. In the flavored milk category, the leading name brand was TruMoo, which sold nearly 91 million units in 2018. However, private label flavored milk sold many more units than even the leading name brand.

USDA forecasts that milk production in the U.S. will rise by 2.1% in 2021 thanks to gains in yield per cow as well as a slight increase in the number of milk cows. The average yearly price received by farmers for cow milk in 2021 is predicted to grow by 3.9% y-o-y amidst a rally in prices for animal feed. Rising consumer demand for cheese and butter continues to drive the market on the backdrop of lower demand for beverage milk. Demand in Asia for imported dairy products features as another factor boosting milk processing in the U.S.

The U.S. milk market amounted to $126.5B in 2024, stabilizing at the previous year. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Milk consumption peaked at $127.7B in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

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 - Producer Price Index by Commodity: Farm Products: Raw Milk was 174.64500 Index 1982=100 in March of 2022, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Farm Products: Raw Milk reached a record high of 192.90000 in September of 2014 and a record low of 48.10000 in August of 1973. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Farm Products: Raw Milk - last updated from the United States Federal Reserve on March of 2025.

Dairy product and egg prices have recently increased due to past and current crises. The average retail value per unit of milk in Mexico amounted to 1.05 U.S. dollars in 2022, and it's expected to rise to rise to 1.07 U.S. dollars.The price per unit of milk is expected to continue to increase even more, and by 2028, it is expected to reach 1.29 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.

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.