Texas sees lower milk prices this summer
This summer, purchasing a gallon of milk will not hurt your pockets as much.
AUSTIN (KXAN) -- This summer, purchasing a gallon of milk will not hurt your pockets as much.
According to Texas A&M Agri-life, the reason is because dairy prices seem to be lower. Unfortunately, Texas dairy producers are feeling the effects of this price drop.
These low prices in combination with current drought conditions are pushing farmers to pay more for their cattle's feed.
Dairy demands are high, and milk is not the dairy ingredient consumers are stocking up on--cheese is.
The demand for these products combined with the drop in prices is making it difficult for dairy operations. For that reason, farmers are hoping Texas' recent rainfall will help with production.
Those benefits will take around a year to be noticeable. In the meantime, those low milk prices will make it tough for farmers to balance the books.