Cold snap drives up orange juice prices

December 28, 2010 7:13:04 PM PST
Your morning glass of orange juice is about to get more expensive.

The recent cold snap gripping the South is taking a toll on crops, sending orange juice futures to a three-and-a-half year high. They're up 14-percent this month. And more freezing temperatures are in the forecast.

Temperatures in the citrus-growing region are averaging 10 degrees below average, the lowest on record.