Pricing Milk and Dairy Products -- Principles, Practices, and Problems

Excerpt from the report Introduction: An understanding of milk and daily product pricing—how prices are made and the competitive environment in which they are formed—is essential in considering policy issues. This report discusses the nature of the pricing process in the U.S. dairy industry, and analyzes developments which have resulted in its modification. It examines policy issues in pricing dairy products in light of these changes, and identifies emerging problems