Originally posted by: PHiuR
a gallon of milk should be under $2.00
Someone needs to get outside away from the computer more:
4-13-2007
US milk prices reach record highs in 2007
International demand for US dairy ingredients and rising corn and soybean prices has caused milk prices to reach record highs, according to the International Dairy Foods Association (IDFA).
"Strong international demand and short global supply of nonfat dry milk, dry whey and lactose have steadily driven prices up in the past six months," said IDFA president and CEO, Connie Tipton. "The price of nonfat dry milk has gone up about 30%, and the price of dry whey is at a record high."
The IDFA said that a growing demand for corn to produce ethanol is causing feed costs to escalate. Feed is the largest operational cost for dairy farmers.
4-10-2007
Milk: a new commodity
You've seen the price of gasoline rise steadily... How about milk?
People in the dairy industry are warning that we can expect to see it go up through the summer.
They say it's not only milk; prices for things like ice cream and cottage cheese will also be higher.
Right now, prices at the supermarkets range from $3.79 to $4.59 a gallon.