Milk Prices: What Goes Up Must Come Down

Source:  farmdoc, University of Illinois

Note:  Price for 2014 is October figure, which appears to be close to this year's average.

Record milk prices lead to huge profits for state dairy farmers.  (Wisconsin State Journal, 11/23/2014)

Riding the roller coaster.

Dairy farmers are calling this a healing year because they are using their profits to pay off debt accumulated when they couldn’t pay their bills in 2009 after milk prices collapsed that year under the weight of too much production, [Randy] Greenfield [dairy specialist for Vita Plus, Madison-based livestock feed company] said. They are also casting a wary eye at 2015 because milk prices are expected to plummet and there is concern that a scenario similar to 2009 could unfold.