From an article by Walter Nicholls, Washington Post, re rise in butter prices -
"...the price of grain - that's relevant," says Alan Levitt, a senior analyst for the Jerry Dryer Group, Chicago-based marketing consultant to the food and dairy industry. "When it comes right down to it, milk is liquid grain," he says.
"It's not just butter," says dairy economist Mary Ledman. "The entire dairy
industry is driven by the production of corn and soybeans."
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