Dairy Market Update: The Farm-To-Retail Milk Price Myth Revisited Yet Again
The myth that retail fluid milk prices never go down when farm milk prices do is very pervasive in the dairy industry. In late 2011, Robert J. Gray, a senior policy advisor to a dairy producer group, made such a claim in public comments submitted to The Wall Street Journal, which led me to research the issue in my December 2011 column, “Retail Milk Prices Do Track with Farm Milk Costs.” Then a press release from the National Milk Producers Federation last summer made a similar claim, and I responded in my July 2012 column, “The Farm-to-Retail Milk Price Myth Revisited.” …