Posted: Feb 19, 2014 5:36 PM by Alexandra Pierce, KOMU 8 Reporter
Updated: Mar 3, 2014 12:18 PM
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.
Posted 3:29 PM 11/28/2015 by Taylor Stevens, KOMU 8 Reporter
BOONE COUNTY - A man driving a stolen vehicle led a Boone County deputy on a chase near Route Z and Carter School Road Saturday. The chase ended when the the car the suspect's car rolled over and the driver fled to the surrounding woods.
Sergeant Micheal Perkins of the Boone County (More)
Posted 2:18 PM 11/28/2015 by The Associated Press
SEDALIA, Mo. (AP) — The cause of a fire that destroyed three Sedalia homes on Thanksgiving Day isn't known.
Sedalia Fire Department Battalion Chief Matt Irwin says the cause couldn't be determined because of "the complexity of the house." The Sedalia Democrat ( (More)
Posted 1:00 PM 11/28/2015 by Taylor Stevens, KOMU 8 Reporter
JEFFERSON CITY - Thanksgiving weekend is one of the busiest in terms of drivers on the road, but about 29 million of those vehicles aren't equipped with a spare tire. New data from AAA shows that more than one third of 2015 vehicles on the road are missing spare tires. In most of those (More)
Adv. - more news below
Posted 4:19 AM 11/28/2015 by The Associated Press
JEFFERSON CITY, Mo. (AP) — The Governor's Mansion is about to look a little more festive.
The Christmas trees that will adorn the Jefferson City mansion are arriving Monday morning. The outside tree is a 30-foot Norway spruce that came from the yard (More)
Posted 2:58 PM 11/27/2015 by Nick Komisar & Amy Money, KOMU 8 Reporters
COLUMBIA - The moment the MU football team announced on Twitter that it wasn't going to play until former UM Systems President Tim Wolfe resigned, the Concerned Student 1950 movement was thrust into the national spotlight. A photo was tweeted by some members of the team locking arms, with (More)
Posted 1:52 PM 11/27/2015 by The Associated Press
BRANSON (AP) — Authorities say deputies have killed a man who shot his wife and pointed a handgun at the deputies.
KOLR-TV reports that 58-year-old Rick Gullickson was killed early Friday at a home in southern Stone County. The Stone County Sheriff's Department said (More)
Adv. - more news below
Posted 1:18 PM 11/27/2015 by The Associated Press
HANNIBAL (AP) — Mark Twain's 180th birthday is being celebrated this weekend in his boyhood hometown.
The Hannibal Courier-Post reports that a mustache competition and a masquerade mask art show are among the activities planned for Saturday at the Mark Twain Boyhood (More)
Posted 1:14 PM 11/27/2015 by The Associated Press
WEST PLAINS (AP) — A south-central Missouri man has been charged in a deadly crash.
The West Plains Daily Quill reports that 33-year-old Kevin Matthew Stephens, of Pomona, is jailed in Howell County on an involuntary manslaughter charge. No attorney is listed for (More)