Does A Body Good

Milk Prices Could Soar to $5 a Gallon by Summer's End

High fuel prices, drought and a spike in the cost of feed and dairy operations are all kicking up the price of the frothy, white beverage.

Americans have been enjoying moderate milk prices for years, so the sudden rise will be a definite hit to the wallet — especially when consumers are already struggling with higher gas and electricity costs.

In fact, the cost of milk is dependent on the barrel cheese price, according to Brady, who said the reserve dairy supply the United States has had for several years has been depleted over time.

Prices of other dairy products like butter and ice cream should also continue to climb as a result of surging milk and cheese prices.