Milk Reaches Record as U.S. Exports Climb Amid Drought

[dmcowen674]

1-21-2014

http://www.bloomberg.com/news/2014-01-21/milk-reaches-record-as-u-s-exports-climb-amid-drought.html

Milk Reaches Record as U.S. Exports Climb Amid Drought

Milk futures in Chicago jumped to the highest on record, signaling higher costs for consumers, as exports surge and a record drought threatens output in California, the nation’s top producer.

Milk futures for February delivery rose 2.2 percent to settle at $22.40 per 100 pounds at 1:11 p.m. on the Chicago Mercantile Exchange. Prices reached $22.46, the highest for the most-active contract since trading began in January 1996.

Retail Prices



The tight supplies and rising demand signal increased retail prices. U.S. consumers may pay as much as 3.5 percent more for dairy this year

 

[dmcowen674]

The horror

Dave right again

 

[Wreckem]

A gallon went from $1.99, to $2.19 at Aldi's. Oh the humanity.

Its like they said there was a short supply of pecans on the global market and that prices were going go up significcantly. Shit, I still pay the same amount for pecans.

 

[dmcowen674]

A gallon went from $1.99, to $2.19 at Aldi's. Oh the humanity.

In the words of BTO "You ain't seen nothing yet".

 

[nehalem256]

In the words of BTO "You ain't seen nothing yet".

$2.29 here we come

 

[bradly1101]

...since trading began in January 1996

Yeah, that's when it really started peaking. Hurray for market forces!

http://future.aae.wisc.edu/data/annual_values/by_area/6?tab=prices

 

[chucky2]

Can we get an updated ETA on $10/gal milk?

 

[Scotteq]

Three cheers for the Lactose Intolerant!?!?!

 

[Drako]

Dave, you better stock up on the gubment cheese.

 

[Londo_Jowo]

Can we get an updated ETA on $10/gal milk?

February 8, 2032 @ 1:26 CST

 

[Nebor]

February 8, 2032 @ 1:26 CST

Aka Milkpocalypse.

 

[chucky2]

Damn it, just around the corner...

 

[allisolm]

U.S. consumers may pay as much as 3.5 percent more for dairy this year

Oh the horror of it! $3.00 a gallon might rise to $3.10. I may have to rethink my entire budget.

 

[allisolm]

The horror

Dave right again

Right about what? Your last thread about this predicted $6/gallon milk by the end of 2013. That certainly didn't happen. http://forums.anandtech.com/showthread.php?t=2342195

 

[Newbian]

Here I am sitting in the dairy state taking a milk bath and hear bones snapping and pleas for some milk from the calcium deficient.

Sucks to be you.

 

[MagickMan]

The horror

Dave right again

You haven't even been right once, much less "again".

 

[Lanyap]

Here I am sitting in the dairy state taking a milk bath and hear bones snapping and pleas for some milk from the calcium deficient.

Sucks to be you.

How much is a gallon of milk where you are?

It's $2.99 at the Aldi's near me.

 

[ElFenix]

Right about what? Your last thread about this predicted $6/gallon milk by the end of 2013. That certainly didn't happen. http://forums.anandtech.com/showthread.php?t=2342195

i pay about that

 

[brianmanahan]

Can we get an updated ETA on $10/gal milk?

by may for sure

wait, scratch that, april AT THE LATEST

 

[brianmanahan]

Right about what? Your last thread about this predicted $6/gallon milk by the end of 2013. That certainly didn't happen. http://forums.anandtech.com/showthread.php?t=2342195

pfft

dave doesnt let the pettiness of probability and actionability get in the way of his predictions!

 

[brianmanahan]

Oh the horror of it! $3.00 a gallon might rise to $3.10. I may have to rethink my entire budget.

you know who is getting that extra dime?

The Man, thats who.

just let that one sink in for a little bit.

is your blood boiling yet?

because it ought to be!!!

:awe:

 

[Sulaco]

Dave the Loser.....SEES ALL!!!

 

[Nintendesert]

Cow milk is still cheaper than that soybean swill the douchenozzles drink.

 

[Matt1970]

The horror

Dave right again

Here is your $6/gallon thread:

http://forums.anandtech.com/showthread.php?t=2342195&highlight=milk

And your $10/gallon prediction:

Where have you've been???

Bread has been $4 a long time here.

Milk over $7 and heading to $10 gal

Milk has been under $3/gallon for a long time here. Store brand bread $1/loaf and name brand is $2 - $2.50

 

[brianmanahan]

Here is your $6/gallon thread:

http://forums.anandtech.com/showthread.php?t=2342195&highlight=milk

And your $10/gallon prediction:

Milk has been under $3/gallon for a long time here. Store brand bread $1/loaf and name brand is $2 - $2.50

lol, owned.

i guess thats why they call him mcowned.