Dairy Prices Expected to Rise Due to Plant Closure

4 years 1 month 3 weeks ago March 07, 2013 Mar 7, 2013 Thursday, March 07 2013 Thursday, March 07, 2013 5:56:00 PM CST in News
By: Elise Oggioni
loading

COLUMBIA - With the announcement Thursday that a milk processing plant in Monett would be closing later this year, many economists said dairy prices are set to rise as a result.

Officers with the Dairy Farmers of America notified employees earlier this week that the plant would be closing in September because it is losing money.

MU Beef and Dairy Economist Joe Horner said this plant in Monett often served as a place for Missouri dairy famers to store any extra milk they had left over.

"There are those times of the year when there's a surplus of milk. In the spring flush, when dairy cows are on pasture and they're milking quite a bit, or there are times when dairy plants want to shut down for three days in a row and not bottle milk, you can dump a lot of milk into a cheese plant."

Horner also said he doesn't anticipate the increase in prices to hit consumers for a couple of months for now.

Now that one of Missouri's eight milk processing plants is closing, Horner said it is obviously going to cost more money to bring in dairy from out of state.

"It costs about $4 a loaded mile to move milk, so every time you lose a local processing plant, there are costs to be incurred and that usually ends up at the consumer level at some point," Horner said.

The Monett Times reported Wednesday that employees would be transferred to other companies within a 70-mile radius.

Horner said he does not know how economists calculated the rise to be 36 cents, but said transportation costs are most likely the biggest factor in that calculation.

 

More News

Grid
List
COLUMBIA - Forty-eight Columbia churches will gather this weekend to participate in the third annual ForColumbia volunteer event, a city-wide... More >>
4 hours ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 2:59:00 AM CDT in News
COLUMBIA - The Columbia Police Department beat commanders hosted their first beat meeting with the northeast Columbia community for the... More >>
8 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 10:24:00 PM CDT in News
JEFFERSON CITY (AP) — Missouri House members want more information on how much money the state is paying in lawsuit... More >>
11 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 7:48:03 PM CDT in News
JEFFERSON CITY (AP) — The Missouri Senate has passed a bond measure for a new music and dance conservatory at... More >>
11 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 7:43:00 PM CDT in News
JEFFERSON CITY - A Columbia woman pleaded guilty Thursday in federal court to embezzling $231,600 from her employer, Shelter Insurance... More >>
13 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 6:12:00 PM CDT in News
CAMDEN, N.J. (AP) — A Honduran man who entered the United States illegally three times has pleaded guilty to kidnapping... More >>
13 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 5:25:40 PM CDT in News
JEFFERSON CITY (AP) — Som e Missouri lawmakers want to shield lodging websites such as Airbnb from local ordinances that... More >>
14 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 5:16:31 PM CDT in News
COLUMBIA (AP) — The four-campus Unive rsity of Missouri s ystem is proposing raising tuition and required fees of in-state... More >>
14 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 5:04:00 PM CDT in News
COLUMBIA - The University of Missouri released new and revised policies relating to protests and free speech on campus, including... More >>
15 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 4:10:00 PM CDT in News
SPRINGFIELD (AP) — A woman is accused in southw estern Missouri of drunkenly causing a fatal car crash in December.... More >>
15 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 4:09:00 PM CDT in News
COLUMBIA - A police chase in Callaway County ended in a crash and a foot pursuit Thursday. It started... More >>
15 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 3:43:00 PM CDT in News
COLUMBIA - Boone County's iconic "Big Tree" is being damaged by vandals spray painting its base, according to its owner,... More >>
15 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 3:37:50 PM CDT in 8 Goes Green
COLUMBIA - Three suspects were in custody Thursday afternoon on suspicion of stealing, following a joint investigation by the Boone... More >>
16 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 3:15:00 PM CDT in News
COLUMBIA - The Missouri State High School Activities Association (MSHSAA) kicked off its state music festival Thursday, drawing thousands of... More >>
16 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 2:21:00 PM CDT in News
OZARK (AP) — The last of three people accused in the 2014 shooting death of a sout hwest Missouri man... More >>
17 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 1:51:00 PM CDT in News
JACKSONVILLE, Mo. - Missouri State Highway Patrol troopers responded to a car driving the wrong way in the northbound lanes... More >>
17 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 1:47:00 PM CDT in News
JEFFERSON CITY — The Missouri State Senate sent a $27.8 billion operating budget back to the House Thursday after multiple... More >>
18 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 1:05:00 PM CDT in News
JEFFERSON CITY (AP) — The Missouri Senate has passed a school choice bill that would create education savings accounts for... More >>
18 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 12:34:00 PM CDT in News
Columbia, MO
Broken Clouds 53°
8am 54°
9am 55°
10am 56°
11am 58°

Select a station to view its upcoming schedule:

Coming Up Next

7:00a
Today
11:00a
Rachael Ray
12:00p
KOMU 8 News @ Noon
7:00a
Cheaters
7:30a
Cops Reloaded
8:00a
The Steve Wilkos Show

Tonight's Schedule

7:00p
First Dates
8:00p
Dateline NBC
7:00p
The Originals
8:00p
Reign
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld