dairy prices

Wal-Mart puts the squeeze on food costs

CNN Money Thu, 05/29/2008 - 3:27am

With gas, grain, and dairy prices exploding, you'd think the biggest seller of corn flakes and Cocoa Puffs would be getting hit by rising food costs.

But Wal-Mart has temporarily rolled back prices on hundreds of food items by as much as 30% this year. How?

By pressuring vendors to take costs out of the supply chain.