Sunday, November 1, 2009
(click on images to enlarge)
USDA publishes retail milk prices for selected cities. While not claiming to be precise, the numbers do give a snapshot of what is happening. Above are the numbers for 2008 and the first ten months of 2009.
Note the retail price for Chicago, IL, right next to lots of milk in Wisconsin, compared to the retail price in Miami, Fl.
The above graph shows data for Boston, Ma converted for ease of comparison to hundredweight. Obviously, the retail price is more than double the farm price.
The so-called invisible hand of the “market” seems to have a stranglehold on the dairy farmer’s neck.