The average price received by farmers for milk was $23.50 per cwt, 60 cents below the January price but $4.50 above February 2024 according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report.
All hay prices in Iowa averaged $103.00 per ton in February. This was $9.00 below the January price and $68.00 below the February 2024 price. The February 2025 alfalfa hay price, at $105.00, was $12.00 below the previous month and $70.00 below February 2024. The average price received for other hay during February was $95.00 per ton. This was $9.00 below the January price and $54.00 below February last year.