Export demand sparks surge in dairy prices


Strong dairy exports carried milk prices higher last year, and that’s likely to continue. But as the global dairy supply increases as a result of higher prices, dairy farmers are likely to see lower prices by the end of this year, said Kristen Schulte, farm and ag business management specialist for Iowa State University (ISU) Extension and Outreach.

The 2013 average all-milk price increased $1.48 per hundredweight from 2012’s prices to $20.01 per hundredweight, Schulte said. This...

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