Summer demand for ice cream and other dairy products usually contributes to higher milk prices during the summer, but this year that's not the case.
Market prices shifting upwards and downwards is a typical thing, but farmers said this situation is new and not sustainable.
In May of 2022, the price of milk was released at $25.21 per 100 pounds of milk. Now in 2023, the July price is projected at under $14 per 100 pounds.
And while there are years with highs and lows, this major decline in milk prices now comes with an oversupply of milk, and a decline in demand.