Average Price Of A Gallon Of Milk In 2024 In The Us. Milk supply remains weak, leading to stronger pricing in dairy products, with reduced milk output in the us, eu, and new zealand. The national average hit $20.30 per hundredweight (cwt), up from $18.75 in may 2023 and $19.50.

In may 2024, average milk prices in the u.s. Currently, the class iii price sits at $17.10 per cwt., up 5 cents from last month’s prediction.