For the second quarter of 2008, shoppers reported the average price for a half-gallon of regular whole milk was $2.38, down 2 cents from the prior quarter, according to the latest American Farm Bureau Federation Marketbasket Survey. The average price for one gallon of regular whole milk was $3.88, up 7 cents. Comparing per-quart prices, the retail price for whole milk sold in gallon containers was about 20 percent lower compared to half-gallon containers, a typical volume discount long employed by retailers.
The average price for a half-gallon of rBST-free milk was $3.34, up 4 cents from the last quarter or nearly 40 percent higher than the reported retail price for a half-gallon of regular milk ($2.38).
The average price for a half-gallon of organic milk was $3.67, up 4 cents compared to the third quarter, or approximately 50 percent higher than the reported retail price for a half-gallon of regular milk ($2.38).
Compared to a year ago (second quarter of 2007), retail prices for regular milk in gallon and half-gallon containers rose 12 percent and 7 percent respectively. The average retail price for rBST-free milk rose about 11 percent. The average retail price for organic milk in half-gallon containers went up and down slightly over the year and was 2 cents higher in the second quarter of 2008 compared to a year ago.
For the second quarter of 2008, the average price for one dozen regular eggs was $1.82, down 34 cents compared to the last quarter. The average price for "cage-free” eggs dropped 5 cents to $2.95 per dozen, around 40 percent more per dozen than regular eggs.
Regular eggs increased in retail price by 17 percent between the first quarter of 2007 and the first quarter of 2008; "cage–free” eggs increased about 33 percent.
Click here to read more from AFBF's Marketbasket survey.