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Milk's glass is half-full
The USDA reports milk prices hit a record last month with consumers paying an average of $3.80 a gallon. That's up about 50 cents from January. Greater demand for more dairy in Asia where chains like McDonald's and Starbucks are introducing cheeseburgers and lattes to new tastebuds is part of the reason for the price hike. Rising costs for animal feed, shrinking European production, and droughts in Australia and New Zealand are also factors.
Posted on August 13, 2007 6:49 AM PT | Permalink
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