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Speaking of Milk (mooooooooo)

Has the price of milk gone up 22% the last 6 weeks en Colombia like it has here in the states? Read where this is indirectly due to the increased cost of gas. The corn normally used to feed the moooooo cows is now a hot commodity also for ethanol production thus the increase in milk prices. A half gallon of this precious commodity (more expensive than gas itself) has gone from $2.09 for a half gallon at the end of June here in south Florida to $2.55/half gal. as of yesterday! I'm going to have to start pouring beer on my cereal.

Milk is such a staple that it is a real good gauge of the rate of true inflation. Hope it is not that bad in Colombia.

By nine inch nails on Aug 7, 2007, 06:13 in Friendly Talkzone. AddThis Social Bookmark Button


Lowell says on Aug 7, 2007, 07:20:

Seems to be the about the same and now there are some sales going on. A gallon (4 pacs) of ultra pastirized costs less than $4.00

Alfred E. Newman. "What. Me Worry?"

scotty says on Aug 7, 2007, 07:20:

any excuss to stick it to us.

Get Rhythm, when you got the blues. Johnny Cash

Tinto (Moderator) says on Aug 7, 2007, 07:41:

The wholesale price of milk in the U.S. has nearly doubled in the last year from $11-12 per hundred weight to around $20, so it's no surprise that dairy products are increasing in price. I don't know what's happening with Colombia prices but they had a drought earlier this year that affected a number of agricultural products. And to the extent they feed their cows **some** imported corn and soybean meal (Rubito says things are grass-fed, and that's mostly correct, but they still use some grain), Colombian dairy producers may be faced with sharply higher feed costs.

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Tinto (Moderator) says on Aug 7, 2007, 07:42:

The wholesale price of milk in the U.S. has nearly doubled in the last year from $11-12 per hundred weight to around $20, so it's no surprise that dairy products are increasing in price. I don't know what's happening with Colombia prices but they had a drought earlier this year that affected a number of agricultural products. And to the extent they feed their cows **some** imported corn and soybean meal (Rubito says things are grass-fed, and that's mostly correct, but they still use some grain), Colombian dairy producers may be faced with sharply higher feed costs.

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esanch36 says on Aug 7, 2007, 07:43:

Yeah watch out...this ethonal bull-shit is going to affect alot of things in our lives, make it more expensive.

The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries

nine inch nails says on Aug 7, 2007, 08:35:

I feel sorry for the people with families to feed or those on really tight budgets.

"Bank owned" (www.foreclosurebyowner.com)

podborski says on Aug 7, 2007, 10:02:

milk has skyrocketed in price here in BsAs, and sometimes the store shelves are empty, you can't even buy it. Skim milk is really hard to find now.

I read this article because it claimed walking to the store emits more carbon into the atmosphere than driving. Shoddy science for sure, but it makes the point that farming today is energy intensive:

http://www.timesonline.co.uk/tol/news/uk/science/article2195538.ece

summer83 says on Aug 7, 2007, 10:10:

you know it's such bs when they say milk is goin up because of gas going up. First gas has no reason to be this high anyway. And milk is going up because simply ...it can.
Just like gas, they know milk is one of those things ppl cannot substitute and just gotta have. So they know if they raise the price ppl will pay.
It's so messed up and im not buying that "cows arent getting the corn they need..blah blah" that's the equivalent (to me) of ppl saying "gas is running out and theres not enough...so we have to jack up the prices"
It's just not right

esanch36 says on Aug 7, 2007, 11:21:

its called simple economics summer.....

The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries

Tinto (Moderator) says on Aug 7, 2007, 14:55:

The Chinese are sending the Germans dairy products? That's strange... I didn't think Asians in general were very big producers or consumers of dairy products. Oh well, it's probably ethylene glycol labeled as milk.

houstongal says on Aug 7, 2007, 15:08:

Summer...the link to gas is really the ETHANOL that is being put into gas (in place of MTBE I believe). Ethanol is made from corn. Therefore the demand for corn has increased, and likewise the price of corn. I read that the price of corn tortillas in Mexico has risen because there's less corn available. And corn (i.e., grain) is used to feed cows, cattle, pigs, chickens, etc. as others note. As esanch36 aptly put it, this is a lesson in economics. And BTW, corn is being used in more and more things (other than food or as feed). Because of the high cost of petroleum, corn is being used to make plastics more and more (plus it makes the plastics biodegradable). So I don't believe the price of corn is going to be heading down anytime soon. There's a link between all these things.

Lowell says on Aug 7, 2007, 17:37:

uh oh there goes the price of arepas, the breakfast staple of many colombians

Alfred E. Newman. "What. Me Worry?"

vicshere says on Aug 7, 2007, 18:32:

here's the funny thing about corn ethanol ..if I remember correctly if 10 times less effective than sugar ethanol.....as long as sugar doesn't go up....I need my sweeties

listo

Robert Jorge says on Aug 7, 2007, 18:33:

Yesterday, Destin, FL. Walmart. 1 gallon off-brand 2% milk, $4.19. 1 lb. skirt steak $8.50. I believe T-Bone type steaks were in the $12 per lb range. Avacado: .99 cents for 1 avacado the size of a large egg. Chicken has doubled in price this year. I always keep on the look-out, and sometimes I am able to score whole chickens for .80 cents a lb. 2 years ago, .67 cents a lb was normal. Now, $1.50 is common. I am to the point that it is difficult for me to afford to eat. It is like a flashback of the ole' college years. Ramen noodles have been rock-steady in price for 15 years now.

houstongal says on Aug 7, 2007, 18:57:

i believe you're right vic....i know that brazil uses sugar to produce their ethanol. but then, when you think about how much MORE corn the US produces than sugar you come to the realization as to why we went the corn route.

gold digger says on Aug 8, 2007, 00:37:

The sugar barons of Florida have kept the price up so high that it's much cheaper just to buy corn to make ethanol, even though sugar is 10 times more efficient to use.
Prices are getting out of control. We look at Zimbabwe and Venezuela inflation rates and talk bad.. hell, it's happening right here. USA
Gas will probably be $4-$5/gal by the end of the year. No one can afford insurance here (Florida) and property taxes went up $300% in one year!
I went to the emergency room and it cost $14,000. My dentist wanted $189 for one filling! Told him I was going to S. America to get it done. :)
The US Dollar is so weak it isn't even funny. The Canadian dollar is going to pass it up soon. Alot of people don't know that when the Euro was first started the US Dollar was 25% stronger, now look at it.
I feel better now, thanks for listening. lol

miamimike says on Aug 8, 2007, 12:03:

The sugar barons of Florida have kept the price up so high that it's much cheaper just to buy corn to make ethanol, even though sugar is 10 times more efficient to use.
Prices are getting out of control. We look at Zimbabwe and Venezuela inflation rates and talk bad.. hell, it's happening right here. USA
Gas will probably be $4-$5/gal by the end of the year. No one can afford insurance here (Florida) and property taxes went up $300% in one year!
I went to the emergency room and it cost $14,000. My dentist wanted $189 for one filling! Told him I was going to S. America to get it done. :)
The US Dollar is so weak it isn't even funny. The Canadian dollar is going to pass it up soon. Alot of people don't know that when the Euro was first started the US Dollar was 25% stronger, now look at it.
I feel better now, thanks for listening. lol----------------

-------------------------------------------------------------------------------------------------------------------------------------

Robert Jorge says on Tuesday August 7th, 2007 18:33:

Yesterday, Destin, FL. Walmart. 1 gallon off-brand 2% milk, $4.19. 1 lb. skirt steak $8.50. I believe T-Bone type steaks were in the $12 per lb range. Avacado: .99 cents for 1 avacado the size of a large egg. Chicken has doubled in price this year. I always keep on the look-out, and sometimes I am able to score whole chickens for .80 cents a lb. 2 years ago, .67 cents a lb was normal. Now, $1.50 is common. I am to the point that it is difficult for me to afford to eat. It is like a flashback of the ole' college years. Ramen noodles have been rock-steady in price for 15 years now.

==================================================================

Gold Digger/Robert Jorge---As I live in Florida also(north miami) I hear you on these prices hikes on Milk, Homeowner's Insurance& Taxes! And to think, some posters here say we have ")" Inflation in the USA-they obviously haven't spent more then 5 minutes in a Florida Insurance agency, Gas Station, Tax Office, Health Insurance Agency or Supermarket!

Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we." GW Bush

Lowell says on Aug 8, 2007, 15:43:

Bought 4 pack of low lactose for 7280 pesos on promotion at Olympica today. Also Carefour in Cartago discounts fruits, vegies and meats 25% on Tuesdays. Saved 22K yesterday on weekly goods.

Alfred E. Newman. "What. Me Worry?"

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