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Will Milk Become America's New Oil? »

Posted by: Neophile 2 years, 7 months ago

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Dairy market forecasters are warning that consumers can expect a sharp increase in dairy prices this summer. By June, the milk futures market predicts, the price paid to farmers will have increased 50 percent this year.

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Neophile

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Comments: 26

Avg rating: (+0/-0 0)
texangelwings
June 3, 2007, 8:55 a.m.
Thanks Neophile, good article.
The milk, all dairy products, beef, pork, chicken, etc. and animal that consumes corn will increase in cost.
Drinking water will be the next oil!
Avg rating: (+0/-0 0)
jonmaverick
June 3, 2007, 1:20 p.m.
So, we're growing more corn to produce ethanol, which almost nobody uses, driving up the price of milk, which almost everyone uses. Meanwhile, the profits from oil sales will continue to increase, while the profits from milk sales (for the farmers) will stay about the same. Does anybody else think American economics is stupid sometimes?
Avg rating: (+2/-1 1)
coreyspring
June 3, 2007, 2 p.m.
I went out to the store last night to get some milk and it was 3.50 a gallon... seemed kind of high to me already, considering the gasoline I had just put in my car was slightly cheaper.
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hrmm
June 3, 2007, 2:10 p.m.
I would say if there was one cow left on this earth, Then I could understand the price needs to go up.
Avg rating: (+2/-1 1)
RickyDawkins
June 3, 2007, 2:36 p.m.
Consider that we have some real alternatives to dairy products (soy), whereas with petroleum, we are very dependent at the moment.
Avg rating: (+2/-0 2)
david_nwpa
June 3, 2007, 10:16 p.m.
Enough with the spam postings already. Please stop.
palamaComment has been removed: User banned.
Avg rating: (+2/-1 1)
0gramstransfat
June 3, 2007, 5:19 p.m.
First the dairy farmers have to pay for all the hormones that are injected into the animals and then someone has to pay for the fuel to transport the milk from one place to another.
Avg rating: (+3/-0 3)
wildman6557
June 3, 2007, 6:24 p.m.
Yep. Low inflation.
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truthiness
June 3, 2007, 9:30 p.m.
therefore, if you have money to invest you should invest in milk futures now, and then sell in october before the milk market plummets.
catstevensComment has been removed: User banned.
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evelyna
June 3, 2007, 10:47 p.m.
That means everything will go up. I try not to do dairy. Cheese is full of fat but I enjoy yogurt. If that goes up to $2.50 a container I do not know what to do.
Bush says everything will be fine as long as wages don't increase.
Avg rating: (+1/-0 1)
not2needy
June 3, 2007, 11:28 p.m.
That is an issue i addressed on another thread yesterday.
The rising cost of gas isn't the end of price gouging, everyone is going to get in on the action, and our govt is going to let them, just as long as their greedy palms are greased in the meantime.
Avg rating: (+0/-0 0)
ClickHere
June 4, 2007, 2:51 a.m.
Read this story seeing the title :), anyway seems these drastic price increase are going to effect a lot