MILK COULD HIT $5 A GALLON

(08/02/2007)

During Richard Nixon's presidency there was an economic slump, at which time Nixon said sufferers should eat more cheese and eat more dairy products. That is not a likely suggestion for relief in 2007. Some analysts predict that a gallon of milk could cost $5 by September. Milk prices are officially going up in most sections of the country today, although dairy products have already been inching upward. Corn prices soared over the winter, making the feeding of cows expensive. Some cows producing less milk were sold for beef. Officially, the climb in milk prices is attributed to the production of ethanol from corn, in response to high gasoline prices.

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