ST. LOUIS, MO (KTVI) - More milk money will be needed at the grocery store. A gallon of whole milk roughly costs $3.69. That is a 7.5 percent increase from one year ago which is the highest price in two and a half years. Analysts blame high demand in China and other southeast Asian and Latin American countries.
As imports into those places increase, it naturally decreases the supply for the U.S.