date:Aug 01, 2012
d dryness through much of the United States also has the effect of lowering milk yields per cow, another factor pushing dairy prices higher, Mr. Brown said.
A jump in prices is not likely to be immediate, he said. It will take time for the higher feed costs to percolate through the supply chain and into the grocery store. He said milk retails for about $3.40 a gallon now. Retail milk prices should rise over the fall and winter to about $3.96 a gallon, he said.
Mr. Brown said prices of milk pro