Released on June 25: In March 2020, mailbox milk prices for selected reporting areas in Federal milk orders averaged $17.19 per cwt, down 84 cents from the February 2020 average and up 24 cents from the March 2019 average.
Note about the California Mailbox Price: Prior to November 2018, the California mailbox price was calculated by California Department of Food and Agriculture. The California Federal Milk Marketing Order became effective on November 1, 2018. Mailbox statistics do not yet include the new California Order.
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.