War-booming America drank more milk than ever this summer, 16% more than last year.
Even 26,303,000 cows (825,000 more than last year's record herds) cannot keep up with demand like that, so the U.S. can expect a milk shortage by the time snow covers the pastures.
When the shortage comes there will still be milk to drink, for fluid milk fetches so much better prices that more will be diverted from manufactured milk.
Consequently the pinch will come first in butter, cheese, and ice cream. Last week's shortage news:
> The Agricultural Marketing Administration...