Dairy prices have risen rapidly this year due to a number of factors, but analysts say retailers can expect relief by 2008
This year, there have been major spikes in the price of animal feed due to the corn-based ethanol boom; fuel and electricity costs have remained stubbornly high; and droughts and extreme heat have ravaged farmland throughout the country. It would be a tough time to be a dairy farmer, if overseas demand weren't growing so quickly. “The main reason that milk prices are so high is because of worldwide demand for dairy products — it's just unbelievable what's going on,” said Roger Hoskin, an ...
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