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South Korea's Cheese Binge Is Driving American Milk Prices To An All-Time High

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CHICAGO, IL - DECEMBER 27: Milk is offered for sale at a grocery store on December 27, 2012 in Chicago, Illinois. Milk prices could spike to $6 to $8 a gallon in January if lawmakers fail to reach a 'fiscal cliff' deal and renew a Farm Bill that's been in place since 2008 and sets the price at which the government buys milk. (Photo by Scott Olson/Getty Images) | Scott Olson via Getty Images

Times are good for American dairy farmers. They are selling milk at the highest prices on record, up 17% in January on the previous year.

Read the whole story at Quartz