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.