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Non-Tech : Lifeway Foods, Inc. (LWAY)
LWAY 3.2200.0%Aug 11 12:00 AM EDT

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From: Glenn Petersen5/23/2016 5:13:57 PM
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Friday Afternoon Links

Mark J. Perry

American Enterprise Institute
May 20, 2016 6:19 pm

1. Chart of the Day (above). The retail price for a gallon of whole milk fell to $3.15 in April, which is the lowest inflation-adjusted price (in 2016 dollars) in more than 20 years, going back to at least July 1995 when the BLS started tracking monthly milk prices (see chart above). That’s great news for consumers, who are also starting to benefit from falling cheese prices as well. The drop in retail milk prices to historically low levels, like low oil prices, reflects — what else? — a record supply of milk, see a Bloomberg news report here and an NPR report here. In addition to falling milk and cheese prices, you can also expect lower prices for beef, pork, eggs, airfares, gas, and weed, according to Money’s list of “ 10 Things That Will Be Cheaper During the Summer of 2016.”

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