Loaf of Bread = $4.00

From a concerned member who works at a local grocery store along the Wasatch Front.

This is a copy of a letter from a food warehouse administrator to the retail grocery owners. Suspected price for a loaf of bread will be $4.00.

Flour Allocation
February 21, 2008

To all our valued retailers,
We will be allocating all the flour out of the warehouse due to the
national, and international conditions stated in the following
article. We are also being allocated by our suppliers. Please bare
with us. As soon as the conditions become manageable we will lift the
allocations.

World wheat prices are at record highs and show no signs of letting
up. The world wheat market is facing a perfect storm of factors that
are relentless in their ability to force wheat prices to never before
seen levels. Since December wheat has risen by 66% on top of the 83%
increase in 2007.

In early 2007 the markets rose as a result of competition between corn
and other crops for planting acres. A large portion of the US corn
crop was being diverted from food to fuel as governments mandated
increased percentages of ethanol in gasoline and diesel fuel.

In early spring one of the biggest US wheat crops on record was being
hurt by excessive rain in the west and a drought in the east. As
yield and quality fell wheat futures rose further.

In early summer with US harvest complete, problems started to surface
in Europe . Severe heat and drought followed by excessive rain at
harvest has forced many traditional exporters to import.

In January of this year the US Department of Agriculture revealed that
the US Hard Wheat Crop was much smaller than the world had
anticipated. That has forced buyers to switch to Spring Wheat driving
that market to historic highs and wheat stocks to critically low
levels. No one knows how high the market will go or if or when it
will come down.

Flour prices have risen by 40% since mid December and we have been
unable to stop the rise as grain is not being offered for sale while
the markets trade up the daily limit. Prices will change until
stability returns to the grain trading markets. There is no good news
in the short term. Supply will continue to shrink while demand grows
and various commodities compete for available acreage. All grains are
rising along with corn and oil seeds.