Released on August 22: In May 2018, mailbox milk prices for selected reporting areas in Federal milk orders averaged $15.70 per cwt, up 29 cents from the April 2018 average and down 45 cents per cwt from the May 2017 average.
The California mailbox price is calculated by the California Department of Food and Agriculture.
Mailbox prices reflect the actual price dairy operators receive for their milk, hence the name mailbox price. Typically, they are released about 3-1/2 months following the month for which the prices apply. Mailbox prices are reported at average fat tests and reflect all premiums, as well as marketing costs, including hauling.