JL July 20, 2011 at 3:54pm
Alfalfa hay has also doubled in price over the past year too. Corn prices have increased over the past year or so from the high 2's and low 3's and are now in the high 6's and low 7's per bushel range. Soybean Meal is currently at $405.00 per ton plus freight, also double the price. Dairy Farmers have no ability to raise the milk price on the farm. That's all controlled by the government and processors. Dairy Farmer's are "Price Takers" and not "Price Makers" on the milk they produce everyday.