February retail dairy prices were released on Tuesday, from USDA Economic Research Service (ERS). The milk price was $4.16 per gallon, down 1.0 percent from last month
but 7.4 percent higher than last year. American and Cheddar cheese prices were $4.63 and $5.85 per pound in February, both down by less than 2.0 percent from last month but 16.3 percent and 7.4 percent higher than last year. Finally, package ice cream saw a 1 percent decline from January to February, moving from $5.809 to $5.722 per pound. Compared to a year ago, those same products increase from $5.048 to $5.722 per pound, up over 13 percent.