Price Drop Expected at Retail
May milk sales were down 6.9% according to USDA as consumers encountered higher prices.
Minimum raw milk prices were cut by 20 cents in July, and were scheduled to drop another 29 cents on Aug. 1.
In June the consumer price index for dairy and related products reached a record high level. Other surveys showed that most dairy products continued to rise in June, despite the leveling of commodity prices.