Don't Cry Too Hard: Milk Prices at Record Highs

By Peter Ambrose

Don't Cry Too Hard: Milk Prices at Record Highs

June 18, 2010 Updated Aug 13, 2007 at 8:08 AM EDT

Consumers are sure to be sour about paying more for milk. Prices for the dairy drink have jumped nationwide this year.

The average national cost for a gallon of milk is now a record $3.80. That's up 50-cents from January.

Several global factors have contributed to the rising milk prices. They include growing demand for dairy in Asia, shrinking European production and rising animal feed costs.

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