Blame Ethanol for Rising Egg and Milk Prices

Almost 100 million dozens of eggs are sold each year in the week before Easter. And egg prices are on the rise, nearly 30% higher than they were at the end of 2006, according to a survey by the American Farm Bureau Association. The national average for a dozen large eggs is $1.51, 33 cents higher than at the end of the fourth quarter 2006.

"Sixty percent of the cost of eggs is due to the feed, and the feed costs are just about double compared to a year ago," he said.

So why are feed prices rising? Many experts blame increased ethanol production.

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And that's not all. Increased ethanol production is driving up the price of milk in Wisconsin, by more than 27% in the last year. Read about that here.