Butter Price Jump Pushes Up Milk Price
US - The price of milk is up from 13 cents per pound in December to 18 cents per pound yesterday (14 February).
15 February 2011
1 minute read
With break-even prices for milk production around 17 cents per pound, dairy producers can hope for the kind of profits that hog and cattle producers enjoyed for most of 2010, according to Des Moines Register.
The driver for high milk prices is a sudden jump in the price of butter from $1.69 per pound at the beginning of January to $2.10 per pound on 14 February.
The improved milk prices can give producers some hope. But Stuart Lyon, who milks about 320 cows near Toledo in Iowa, said: "It's not going to be quite so good this year if we have to feed our cows that $6 corn. That will drive up the break-even price."
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