|
|
Article: RECORD MILK PRICES ARE EXPECTED ONE EXPERT PUT PRICES AT STRATOSPHERIC LEVELS'.(BUSINESS)
- Article from:
- The Wisconsin State Journal (Madison, WI)
- Article date:
- March 31, 2004
CopyrightCOPYRIGHT 2004 Capital Newspapers. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Robert Imrie Associated Press
Wisconsin dairy farmers can expect record milk prices in coming weeks, a change so dramatic that one dairy expert Tuesday put the anticipated prices at "stratospheric levels" for the industry.
"It is looking good right now. What is really worrisome to me is the possibility of a very severe crash," said Ed Jesse, a UW-Madison dairy economist.
The so-called base price for about 100 pounds of milk -- roughly 12 gallons -- used to produce cheese was $14.40 in March; by April it should reach $18.59, he said.
That would break the previous record price of $17 set in December 1998, shattering a two-year ...