Milk prices have eased in recent months after skyrocketing last year. The national average price of a gallon of whole milk was $3.72 in April, after peaking at $3.87 last September, according to a USDA survey. As milk prices climbed 17% last year, as measured by the USDA survey, farmers responded by increasing production while consumers reduced consumption. That rise in supply and drop in demand resulted in the recent price drop.
