Wisconsin Dairies Capitalizing On Record-High Milk Prices

The term "milk money" has taken on a whole new meaning in recent weeks.

Milk prices are hovering near their highest point ever, driven by strong demand for U.S. dairy products overseas as well as worries about a drought ravaging large pieces of California's dairy country.

The situation has big implications for Wisconsin, where dairy-related businesses collectively are a $26.5 billion piece of the state's economy. That's nearly 10% of the state's total output of goods and services.

"Everybody's kind of got it on their radar," said Trevor Wuethrich, a vice president at Grassland Dairy Products Inc. in Greenwood, one of the largest butter producers in the United States. "Right now, everything is fine. In four or five months, what's the outlook going to be?"

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