Let’s check in with the US dairy crisis.
You really have to admire the …ahem…nerve on Dean Foods, the largest dairy supplier in the US. Check out this progression of recent headlines:
After some record lows– milk prices paid to farmers are starting to go up.
B) Sour milk: Dairy farmers facing major losses in prices
As it stands, economists are “estimating dairy farmers are going to lose about $1,000 a cow this year,” said David Dowler of Penn State University’s Crawford County Cooperative Extension. “That sounds about right,” said Rynd, who would see the family farm take in a total of about $180,000 less this year if that figure stands correct, based on his approximately 180-head herd. Prices “started to come up the last couple of months,” he said, “but I think it’s going to have to come up quite a bit — and stay up — to get all the bills paid and keep everyone’s heads above the water.”
C) Dean’s profit may rise with milk prices
Dean Foods Co., the nation’s largest dairy producer, reported third-quarter earnings that gained more than 30 percent from a year ago.
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