date:Apr 02, 2014
e U.S. has been dropping for at least the past four decades, down 25% since 1975, according to the USDA.
Prices have already begun to retreat. The weighted average price of nine products traded at the GlobalDairyTrade, which serves as a worldwide benchmark, dropped 5.2% to $4,563 a ton. Milk futures for December delivery closed yesterday at $18.56, or 22 percent below the April contract.
Weve seen our peak for the year here in the first quarter for Chicago milk futures, said Katelyn McCullock,