Milk Prices Up 7.5% From a Year Ago

Published 06/09 2014 05:17PM

Updated 06/09 2014 10:57PM

(ST. JOSEPH, Mo.) If you've noticed a spike in the price for a gallon of milk, you're not alone. The Bureau of Labor Statistics says the national average for a gallon of whole milk is nearly four bucks.

"That is ridiculous, somebody's making some money somewhere," said Robert Hilt of St. Joseph.

Milk prices are up nearly 8 percent from this time a year ago. Making it the highest price in about two and a half years.

"We have to have it so we have to buy it. If it goes up we still have to buy it," added Hilt.

Experts are blaming the hike on China and other southeast Asian and Latin American countries.

Local farmers here in northwest Missouri say there simply aren't enough farmers available to supply milk.

"They haven't got paid good enough for as hard as we work. Their kids are not gonna work that hard for what dad worked for," stated Leroy Shatto who runs family owned Shatto Milk Company in Osborn.

He says he can remember a time when there were 40 milk farms in the area but that number has decreased over the years. He says the demand is so high overseas that it's being taken out of the supply locally which is already short.

Shatto Farms delivers to local restaurants and grocery farms within 100 miles.

"I'd like to see it to where the prices stay good enough to where the dairy farmers do make more money to keep up. We need family dairy farms not only here in Missouri, but all over the country," added Shatto.

Shatto says next month the supply will be lesser since cows don't give as much milk when it's too hot. He says he doesn't want to raise the prices but they've got to keep up with everyone else.

"What really upset me sometimes is when the grocery stores have price increases and we didn't have a price increase. If anybody needs that extra money we need it to take care of the cows," added Shatto.

That increase then trickles down to consumers. Many say it's one more added expense to prepare for.

"We're paying five percent more that's gonna reduce it from the gasoline and home purchases we might make," said Hilt.

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