Mailbox prices as reported by Hoard's Dairyman
Announced August 21: In May 2015, mailbox milk prices for the federal order markets reporting mailbox prices averaged $16.60 per hundredweight, down 16 cents from the revised April 2015 average and $7.77 lower than May 2014. 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.