Retail Dairy Prices Continue to Drop
August’s retail dairy prices represented the lowest level in more than two years. The
Milk CPI dropped for the 9th straight month to 124.7, down 18% from 2008 . The August city-average
retail price of whole milk was $2.98/gallon, down 91¢
from Aug. 2008. The
Aug. Cheese CPI was 197.9, down 11% from a year ago, and down for the 12th straight month. The
Butter CPI was 166.8, down 9%, ending three months of increases.

