Article: Ice cream, butter prices will only grow fatter, experts say Shoppers buying more foods with fat; weather crimps milk supply

Expect to pay more for that ice cream cone this summer as a national shortage of milk butterfat drives up retail prices of many dairy products.The average price consumers pay for butter, for example, already has increased from $1.67 per pound a year ago to $2.58 this month. Dairy market experts expect butter prices could go higher as the end-of-the-year holiday baking season approaches and the butter shortage intensifies.

On Monday, Madison-based Schoep's Ice Cream Co. reluctantly increased its prices.

"We figured it had to happen, even though it didn't even cover our cost increases," said Paul Thomsen, Schoep's chief executive officer. Other ice cream makers across the country, ...

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