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The previous record was $2.97 in September 2015. ... a gallon of whole milk cost $3.32 when Trump was inaugurated in January 2017. The price fell steadily to a term-low of $2.84 in July 2018 ...
The price of milk question is a tactic for gauging political candidates' familiarity with the lives of ordinary voters in the United States and the United Kingdom is to ask them to name the price of everyday items such as bread and especially milk.
Data from the Federal Reserve Bank of St. Louis indicates that the average price of a half-gallon of low-fat milk cost $1.33 in May 1990—the end of the period during which Home Alone was filmed.
Here’s a look at average milk prices and milk prices adjusted for inflation in 2022 dollars for years Trump was in office: 2017: $3.23/$4.09 2018: $2.90/$3.77
By 1925, the United States had 1.5-2 million dairy cows, each producing an average of 4200 lb of milk per year. By 2007, there were 9.1 million dairy cows but their average milk production was over 20,000 pounds per year, with eight pounds per gallon. [1]
A gallon of WinCo Foods’ 1% milk is $2.99, down from $3.29 last month. A gallon of Whole Foods Market’s 365 1% milk is $3.99, down from $4.09 last month.
These purchase prices are set high enough to enable dairy processors to pay farmers at least the support price for the milk they use in manufacturing these products. The 2002 farm bill (P.L. 107-171, Sec. 1501) mandated a support price of $9.90/ cwt , effective through December 31, 2007, when the program by law was scheduled to expire.
One-half gallon of milk: from $3.10 to $4.02, a 30% increase Of course, these are just national averages, and on regional and local levels, prices for some items may vary dramatically.