Tracking Milk and Egg Trends
Washington--For the third quarter of 2008, shoppers reported the average price for a half-gallon of regular whole milk was $2.57, up 19 cents from the prior quarter. The average price for one gallon of regular whole milk was $3.92, up 4 cents. Comparing per-quart prices, the retail price for whole milk sold in gallon containers was about 25 percent lower compared to half-gallon containers, a typical volume discount long employed by retailers.
Compared to a year ago (third quarter of 2007), the retail price for regular milk in gallon containers decreased by one-half of 1 percent while regular milk in half-gallon containers increased 7 percent. The average retail price for rBST-free milk rose about 14 percent in a year’s time. The average retail price for organic milk in half-gallon containers went up steadily over the year and was 8 percent higher in the third quarter of 2008 compared to a year ago.
For the third quarter of 2008, the average price for one dozen regular eggs was $1.71, down 11 cents compared to the last quarter. The average price for “cage-free” eggs increased 5 cents to $3.00 per dozen, around 75 percent more per dozen than regular eggs.
Regular eggs increased in retail price by 13 percent between the third quarter of 2007 and the third quarter of 2008; “cage–free” eggs increased about 8 percent.