PORTALES, N.M. (AP) — New Mexico dairy farmers say milk prices are dropping.
Roosevelt County dairy owner Alan Anderson says higher milk prices this year helped dairies come back a little from the low prices and high feed costs of 2009.
But Anderson says milk prices are dropping again.
He says he received $16.48 per 100 pounds of milk from November, but prices are projected at $13.78 per hundredweight for December and $13.11 in January.
Anderson also says increased feed costs mean the break-even price for dairies is higher than it was last year.
Walter Bradley of the Clovis office of Dairy Farmers of America says there are indications milk prices will go up, but not for a few months.
Copyright 2010 The Associated Press.