2023 Average Milk Price Down From 2022

The weighted average statistical uniform price for the Central Order #32, which includes most of Iowa and the I-29 corridor, decreased this year to $18.27 per cwt., a 26.60 percent decrease from 2022’s $23.13 average. Since implementation of Federal Order reform in 2000, the annual statistical uniform price in the Central Order has ranged from a low of $11.24 in 2002 to an all-time high of $23.13 last year. The 2023 weighted average Producer Price Differential (PPD) of $1.18 per cwt. is $0.04 more than the 2022 average. Producer marketings in the Central Order averaged 1.338 billion pounds per month during 2023, for a total of 16.053 billion pounds. This total is up 2.65 percent from 2022 and is 14.16 percent less than the record 18.700 billion pounds marketed during 2002.

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Feeding For Protein And Profit Webinar on Sept 27

The Iowa State University Extension and Outreach Dairy Team’s 2023 Dairy Webinar Series continues Wednesday, September 27 from 12 noon to 1 p.m. CDT, with a focus on feeding for protein and profit.

“The August protein price moved up to 2.08 from the July price of 1.15. This refocuses producer interest on increasing the protein content of their milk,” notes Iowa State University and Extension Dairy Specialist Fred Hall.

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