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Old 01-03-2009, 03:11 PM
 
Location: Charlotte, NC
2,193 posts, read 4,617,007 times
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The long economic boom, fueled by easy credit that allowed people to spend money they did not have, led to a huge oversupply of cars, houses and shopping malls, as recent months have made clear. Now, add one more item to the list: an oversupply of cows.
Mr. Van Groningen’s company does not own the surplus milk powder, but merely stores it for the new owners: the taxpayers of the United States. To date, the government has agreed to buy about $91 million worth of milk powder.


The price of powdered skim milk, used in infant formula, dairy products and processed foods, has fallen to roughly 80 cents a pound today from about $2.20 in mid-2007. Other dairy products have declined as well. Whole milk at grocers has not declined as rapidly as wholesale powdered milk, but it has dropped to $3.67 a gallon, down nearly 6 percent from the peak.
While consumers are


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I thought this article was interesting. Another commodity that boomed and now is declining.
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Old 01-03-2009, 03:19 PM
 
19,108 posts, read 20,677,468 times
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But you know the biggest "in your face" thing... milk prices are STILL high... as well as eggs and just about every grocery item.... somebody is getting paid extra and it isn't the consumer...
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Old 01-03-2009, 04:13 PM
 
437 posts, read 701,837 times
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I buy organic. Two gallons at the local grocery costs over $12.00
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Old 01-03-2009, 04:14 PM
 
3,722 posts, read 4,718,320 times
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The government is just stockpiling for the coming shortages.
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Old 01-03-2009, 04:25 PM
 
5,090 posts, read 10,046,595 times
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The prices will fall as surplus hits -- same as houses (that could never happen) same as autos (people will always need to drive) same as oil (only going up).

Same as milk.

Gallon sitting in our fridge right now was 25 cents. No joke. Real surplus.
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Old 01-03-2009, 06:07 PM
 
Location: Cushing OK
14,545 posts, read 18,248,392 times
Reputation: 16829
Quote:
Originally Posted by Philip T View Post
The prices will fall as surplus hits -- same as houses (that could never happen) same as autos (people will always need to drive) same as oil (only going up).

Same as milk.

Gallon sitting in our fridge right now was 25 cents. No joke. Real surplus.
Where? The prices of everything here in Ok are much lower than cali except milk. Its the same. There are lots of dairys too. I'd be happy with the powered milk. A gallon of regular milk and powered makes four gallons of 1 percent.

I believe milk used to be price controlled. if not the price needs to drop to a reasonable amount.
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Old 01-03-2009, 06:24 PM
 
3,853 posts, read 11,857,297 times
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lol yup. The reason milk is still high is because the cow feed is expensive. So that gets passed through. I have a family member who has a dairy and he didn't even make money on the operation. His almond production was much more lucrative. I tell him to sell the dairy operation and move into straight plant products. Americans are going to start shifting to more plant based food products as meat products are becoming too expensive.
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Old 01-03-2009, 08:08 PM
 
Location: Yes
2,660 posts, read 6,153,469 times
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I drink Soy Milk. Price is still the same, but that's ok since Lactose hates me
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Old 01-03-2009, 08:40 PM
 
3,853 posts, read 11,857,297 times
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Quote:
Originally Posted by oscottscotto View Post
I drink Soy Milk. Price is still the same, but that's ok since Lactose hates me
USA is very efficient at producing soy
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Old 01-03-2009, 08:44 PM
 
Location: Cushing OK
14,545 posts, read 18,248,392 times
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Quote:
Originally Posted by killer2021 View Post
USA is very efficient at producing soy
Can't handle soy. There will always be need for milk and meat. Not everyone can eat a primarily vegitarian diet.
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