|Missouri Dairy Business Update|
|Volume 12, Number 1|
According to Bob Cropp's Dairy Outlook, "Record milk prices were set in 2011. The Class III price averaged $18.37 compared to $14.41 in 2010. The Class IV price averaged $19.04 compared to $15.09 in 2010. And the U.S. All Milk price averaged $20.14 compared to $16.26 in 2010. But, while milk prices were a record high so were feed prices which dampened returns over feed costs.
Forecasts are for lower but yet favorable milk prices in 2012. The level of milk production, domestic sales and exports will determine the final prices."
Historical Missouri milk prices may be found at: http://agebb.missouri.edu/dairy/mkt/index.htm