Milk prices slashed in half for farmers: Consumer costs
It's 11 below zero at 6:15 a.m., and Steve and Amy Combs are just finishing milking their 100-head Holstein dairy herd.
As the cows file in and out of the old-style dairy barn on the family farm west of New London, the farm report on the radio delivers a string of futures markets for milk that are not good.
Since last fall, when milk prices peaked at $20 a hundredweight, the price Combs and other dairy farmers now receive for their product has been nearly cut in half.
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