Thursday, May 31, 2007

Milk Jumps to Record High in Chicago on Increased Demand for Cheese, Whey

(Bloomberg) -- Milk futures rose the most in two
weeks, extending a rally to record-high prices in Chicago, as
demand grows from makers of cheese and dried dairy products.

The cost of wholesale cheese is the highest in 30 months,
and dry whey, the watery part of milk that separates from curds,
has more than doubled in the past year, government and exchange
data show. The price of wholesale milk has jumped 52 percent
this year.


Read more at Bloomberg Commodities News

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