June Milk Down $1.60 From May

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Source: Iowa State University

All hay prices in Iowa averaged $169.00 per ton in June according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report. This was $3.00 below the May price but $19.00 above the June 2022 price. The June 2023 alfalfa hay price, at $173.00, was $5.00 below the previous month but $16.00 above June 2022. The average price received for other hay during June was $159.00 per ton. This was $2.00 below the May price but $29.00 above June last year.

The average price for milk was $15.20 per cwt, $1.60 below the May price and $10.50 below June 2022. Prices received for milk cows for dairy herd replacement averaged $1,800 per head as of July 1, 2023.