Monday, July 7, 2008

Food prices expected to rise

Milwaukee Journal Sentinel, Associated Press

Expect food prices to keep going up.

The U.S. Department of Agriculture says milk is costing more across the nation. It sold for an average of $19.40 per 100 pounds in June, up $1 from just the month before.

And it's even more expensive in Wisconsin, where the average price last month is estimated at $20.80 per 100 pounds. That's up $1.70 from May.

The USDA says prices for corn, soybeans, oat and hay also are up.

Corn averaged an estimated $6.20 per bushel in Wisconsin in June and $6.12 per bushel nationwide. That's almost twice as much as it cost last year at that time.

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