Milk Could Hit Record High Price

4 years 4 days 7 hours ago Wednesday, February 19 2014 Feb 19, 2014 Wednesday, February 19, 2014 5:36:00 PM CST February 19, 2014 in News
By: Alexandra Pierce, KOMU 8 Reporter

COLUMBIA - Grabbing a gallon of milk at the grocery store could hurt your wallet come March.

NBC reports that dairy analysts estimate store milk prices could go up 60 cents next month reaching their highest cost to date.  The average price of milk is $3.50 per gallon.

Strong global demand has led to increased exports of U.S. dairy products in recent months.  This increase has generated more money for dairy farmers but could also result in price hikes of up to 20 percent in some stores.

Joe Horner a dairy economist said there's a number of reasons why prices might go up.

"The demand shock has come from China, Asia and northern Africa, we've seen a really strong export demand this year.  We're now exporting milk from one in six cows in America," Horner said.

He also points to the drought in California as a reason for why consumers might see a price increase.

Production of alfalfa which is a key feed for cows has been affected by the drought out west.

Cheese is also to blame.  A short supply caused cheese to jump from $1.80 to $2.36 a block in January.  That increase is another driving force for the March spike in milk prices.

Horner said it's unsure how long prices will stay high.  He said a lot of it depends on when the West gets rain but eventually the prices will cycle.

Reuters reports the trend is reversing itself and price spikes should be short-term.

More News

Grid
List
Chesterfield, MO - Nearly two weeks after a shooting in Parkland, Florida that killed seventeen students and teachers, students... More >>
2 hours ago Friday, February 23 2018 Feb 23, 2018 Friday, February 23, 2018 10:18:00 PM CST February 23, 2018 in News
JEFFERSON CITY - Some veterans living in or near the Truman VA clinic often have to make the drive to... More >>
4 hours ago Friday, February 23 2018 Feb 23, 2018 Friday, February 23, 2018 8:07:00 PM CST February 23, 2018 in News
COLUMBIA - Ameren Missouri proposed an incentive program to install more charging stations for electric cars across Missouri. The program,... More >>
4 hours ago Friday, February 23 2018 Feb 23, 2018 Friday, February 23, 2018 7:28:00 PM CST February 23, 2018 in News
ST. CHARLES - The man accused in the death of trooper James Bava is facing lowered charges as his second... More >>
6 hours ago Friday, February 23 2018 Feb 23, 2018 Friday, February 23, 2018 5:45:00 PM CST February 23, 2018 in News
COLUMBIA - The Columbia Police Department spent the morning investigating a possible threat against Columbia Public Schools. The post... More >>
7 hours ago Friday, February 23 2018 Feb 23, 2018 Friday, February 23, 2018 4:27:00 PM CST February 23, 2018 in News
COLUMBIA - Mary Ratliff grew up in the small community of Ripley, Mississipi. It is a community where she said... More >>
10 hours ago Friday, February 23 2018 Feb 23, 2018 Friday, February 23, 2018 1:52:00 PM CST February 23, 2018 in News
UPDATE COLUMBIA - Columbia Public Schools sent out a release Friday afternoon to the families of CPS, clarifying... More >>
10 hours ago Friday, February 23 2018 Feb 23, 2018 Friday, February 23, 2018 1:46:00 PM CST February 23, 2018 in News
JEFFERSON CITY - Missouri has never removed a governor through impeachment. But after Gov. Eric Greitens' felony indictment yesterday, some... More >>
11 hours ago Friday, February 23 2018 Feb 23, 2018 Friday, February 23, 2018 12:55:00 PM CST February 23, 2018 in News
REPUBLIC (AP) — Police have seized five guns and two books from a 13-year-old boy officers allege had threatened... More >>
11 hours ago Friday, February 23 2018 Feb 23, 2018 Friday, February 23, 2018 12:39:46 PM CST February 23, 2018 in News
COLUMBIA - Governor Eric Greitens was indicted Thursday afternoon on a felony charge of invasion of privacy. The indictment alleged... More >>
11 hours ago Friday, February 23 2018 Feb 23, 2018 Friday, February 23, 2018 12:39:00 PM CST February 23, 2018 in News
BELLAFONTAINE NEIGHBORS (AP) — Police have found three dead in what officers suspect is a murder-suicide in a St.... More >>
11 hours ago Friday, February 23 2018 Feb 23, 2018 Friday, February 23, 2018 12:34:52 PM CST February 23, 2018 in News
KANSAS CITY (AP) — Seven people have been indicted in a Kansas City drug-trafficking conspiracy that included two... More >>
13 hours ago Friday, February 23 2018 Feb 23, 2018 Friday, February 23, 2018 10:24:18 AM CST February 23, 2018 in News
ST. LOUIS - Gov. Eric Greitens will step down from the Republican Governors Association's executive committee amid backlash from... More >>
14 hours ago Friday, February 23 2018 Feb 23, 2018 Friday, February 23, 2018 10:12:00 AM CST February 23, 2018 in News
ST. LOUIS (AP) — The Latest on the indictment of Republican Missouri Gov. Eric Greitens (all times local):... More >>
15 hours ago Friday, February 23 2018 Feb 23, 2018 Friday, February 23, 2018 8:34:00 AM CST February 23, 2018 in Top Stories
JEFFERSON CITY - The Pantry is offering people a chance to donate food and help the community on Friday. The... More >>
16 hours ago Friday, February 23 2018 Feb 23, 2018 Friday, February 23, 2018 7:49:00 AM CST February 23, 2018 in News
COLUMBIA – President Donald Trump on Thursday defended his proposal to arm teachers. KOMU 8 asked educators and other mid-Missourians... More >>
1 day ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 6:50:00 PM CST February 22, 2018 in Top Stories
FULTON - The Callaway County Sheriff’s Office is requesting a more than $9,000 grant from the Missouri Department of... More >>
1 day ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 6:20:00 PM CST February 22, 2018 in News
JEFFERSON CITY - For those who watch the winter Olympics and think "I could do that", there is an opportunity... More >>
1 day ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 6:02:00 PM CST February 22, 2018 in News
Columbia, MO
Broken Clouds 37°
1am 36°
2am 36°
3am 36°
4am 36°

Select a station to view its upcoming schedule:

Coming Up Next

12:00a
2018 Olympic Winter Games
3:00a
Inside Edition
3:30a
Paid Program
12:00a
King of the Hill
12:30a
Cops
1:00a
Top 30

Tonight's Schedule

7:00p
2018 Olympic Winter Games
7:00p
Family Guy
7:30p
Family Guy
8:00p
Bob's Burgers
8:30p
Bob's Burgers
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld