The price of milk rose to an all-time high yesterday on the back of strong demand from global buyers.
A tough winter in the U.S. has also curtailed production tallies.
Most of the additional milk costs are being passed on to consumers, according to data from the USDA. Milk prices rose 27% Y/Y in February.
Analysts are split on how much wiggle room companies have to boost prices higher with consumers before hitting stiff resistance.