$18 Milk in September?
Mailbox milk prices could reach $18 in Wisconsin in September, and spread to Michigan, Minnesota and New York by October.
That’s according to estimates calculated by the University of Wisconsin (UW), “conditional on August 9, 2016 futures and options settlement prices,” says Brian Gould, a UW ag economist.
While Wisconsin mailbox prices dip back below the $18 mark come January, they would still average $18.05 over the next year based on current futures prices, says Gould. Minnesota and New York prices aren’t far behind.
The only real laggard would be California, peaking at $16.55 in October and averaging $16.10 over the next year.
For estimates of your state or region’s mailbox prices over the next year, click here.