Milk prices expected to increase

Prepare for sticker shock in the dairy section.

A possible increase of as much as 60 cents a gallon could push the price of milk close to $5 or $6 a gallon in March. reported that the increase is partly the result of smaller herds. Feed prices went up in 2013, and farmers cut back on their number of cows.

Demand from other countries is also putting pressure on milk prices.

One dairy analyst said after peaking, milk prices should decrease through December.