"We've had seven records here in July that have already been broken,\" says Richard |Gorder of |Gorder Dairy in Mineral Point, Wis. His 60 Holsteins are producing about 20% less milk because of the heat. "They don't want to do anything, they don't eat,\" he says. Since there's been no rain since the beginning of June, \"I'm looking at a com crop that's T595 and 100% gone," he says. Com is close to $8 a bushel. "If I have to go into the market and buy that com, it will take me between two and three years to recover.\" In Illinois, cows normally give 90 pounds of milk per cow per day. "Now they're down to around 60 pounds,' says Jim Fraley of the Illinois Milk Producers Association in Bloomington, Ill. It's an area of huge [concern to milk producers. At the American Dairy Science Association annual meeting in Phoenix this week "we had a standingroomonly meeting on the needs of cows under heat stress,' says Ellen Jordan, a dairy specialist at Texas A&M UniversityDallas. The top milk producing states are Calitomia, Wisconsin, Idaho, New York and Pennsylvania. Only New York is "in decent shape," in terms of heat, says Pamela Ruegg, a milk quality expert at the University of WismnsinMadison. States like Illinois, Indiana and Ohio have been severely affected. http:IIwww.usatodaycomlnewslnationlstoryllit240M Elmitkdairypricesrisel56321223M a} Consider each of the following markets. For each, list the changes in demand andtor supply mentioned in the article, and use demandsupply diagrams to depict these changes and the price and quantity outcomes. (1} Milk (2} Cheese (3} Com (-4} Meat b} Discuss the quotations from the article (1} "I can't imagine situations where you'd have people standing in line to get milk at the dairy counter. But they might not want it at the price it's selling at." (2} "you'll see less cheese on pizzas and in salad bars." (3} Milk prices are actually the lowest they've been in 18 months because of surpluses built up over an ultramild winter and spring