Looks like milk prices will be going up.

According to the TODAY Show, the drought in California could cause milk prices to increase by 60 cents a gallon. This price surge will likely hit in March. The Wisconsin State Journal said that the increase in dairy exports coupled with limited milk production will also contribute to the price increase.

The average price of milk right now is $3.50, but milk has reached $3.80 at its peak price, according to the U.S Bureau of Labor Statistics.

Check out the video above for more on the looming price surge for milk.

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Tags: Food Report, Beverage, Dairy

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