Many dairy farmers culled their herds because of high feed prices caused by the drought, reducing the supply of milk. Price increases will flow through many food products beyond a carton of milk.
European wine experts are mulling over a critical issue today: whether American wine producers should be allowed to use the word "chateau" on bottles they sell in Europe.
A familiar scenario: You're thirsty. You walk into the store to buy something to drink. But you're not exactly sure what you want, and you're inundated with choices.
Your family might still be enjoying a summer diet of backyard barbeques and trips to Dairy Queen, but pretty soon kids will be back in school. And they could be facing a much different school lunch than they used to.
Heineken has offered $6 billion to buy Asia Pacific Breweries, which makes Tiger beer. Their giant bid was meant to elbow out a play by a billionaire from Thailand and get a stronger hold on the Southeast Asian market.