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Milk Set to Hit Highest Price Ever; Cheese Is to Blame

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    NEWSLETTERS

    TK
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    Dairy analysts estimate store milk prices could go up to 60 cents in March, reaching their highest ever — and according to NBC News, cheese is to blame. Short supply pushed cheese to a new peak price in January, rising from $1.80 to $2.36 a block, and that jump is driving the March increases for "fluid milk." But not every fridge will feel the pinch. Some stores may choose to eat the $.30 increase in farm-level milk prices occurring from January to March. In other areas, though, families could see their milk bills going up $.50-$.60 a gallon. Brian West, a spokesman for the Publix supermarket chain based in the Southeast, said the store expects milk prices to rise in the next few months.

    Get More at NBC News