Homemade Yeast Doughnuts

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I adapted this recipe from one found at allrecipes.com. I haven't tried it yet, but hope to this coming weekend. I got doughnut/biscuit cutters in my stocking and am looking forward to trying them out!

Homemade Yeast Doughnuts

1 cup warm milk
1 beaten egg
1/2 cup butter
4cups all-purpose flour
1/2 cup white sugar
2 teaspoon salt
2 teaspoon active dry yeast
oil for frying (tallow, lard or peanut oil is best)

Combine all ingredients in your mixer bowl with dough hook attached. After combined, knead for five minutes. Let rise until doubled, about an hour. Turn out onto a floured board. Cut dough into 32 pieces. Cover with a damp towel and let rest 20 minutes.

Stretch each piece into a round 1/4" thick. Cut out a hole. Let doughnuts rise for 30-40 minutes.

Heat oil to 350 in a thick skillet or a deep fryer. Fry doughnuts in oil till they are golden brown and float. This takes about 3 minutes. Flip and fry other side. Remove and drain on paper towels. Sprinkle with cinnamon and sugar mixture or glaze with a powdered sugar glaze.