Here in the Northeast (Federal Milk Marketing Order #1), mailbox milk price for April 2024 milk was $20.82 per cwt.(100#)

Milk at 8.6# per gallon converts the mailbox price to $1.79/gallon.

The milk is priced by butterfat, protein and "other solids" components.

Other regions of the US price milk to the farmer a little differently.

Bill