Milk Price Sees A-maize-ing Hike

US - Making Ethanol from corn may help reduce oil imports, but it's driving the cost of milk through the barn roof.
calendar icon 30 April 2007
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Tomorrow, the retail price of a gallon of milk will rise to $3.54, up 60 cents from the end of last year, when it cost $2.94.

Milk prices have been rising steadily all year, even though prices usually decline during winter and spring because of excess milk production, said Bruce Krupke, executive vice president of New York State Dairy Foods, which represents milk processors and distributors and producers of other dairy products throughout the state.

But this year the trend is the opposite, with indicators pointing toward record-high prices in the summer and fall.

Source: NYDailyNews
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