FEDERAL MANDATES FOR ethanol production resulted in higher corn and animal feed costs this year. When combined with increased petroleum costs and rising global demand for certain commodities, the result was higher wholesale prices for meat, dairy, grains and many produce items in 2007. Meanwhile, lingering droughts, severe freezes and wildfires curbed yields of other produce items not only in the U.S., but globally as well. Partly as a result of these factors, the Consumer Price Index for ...
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