Rising milk prices shrink profits for Dean Foods, U.S. retailers
Raw milk prices have reached historically high levels, helping push Dean Foods to a first-quarter loss. Some retailers, however, have chosen to absorb the increase rather than risk alienating price-sensitive consumers.
The increase in the base price of a gallon of 2 percent milk across most of the United States has gone up at least 54 cents since last June, said Mary Ledman, who publishes the Daily Dairy Report, based in Libertyville, Ill.
But the price paid by many shoppers has not increased nearly that much.
“I see retailers absorbing the increase here in the Chicagoland,” she said. “It’s... read more
- 14:18 Democrat Feingold fights to win back Senate seat, in critical rematch
- 14:17 Man who said Phoenix officers made him eat marijuana wants 'more...
- 14:16 Watchdog: Russian airstrikes in Syria killed 9,300 in past year
- 14:14 YouTube blocked trailer for Christian movie 'I'm Not Ashamed' for...
- 14:10 The Latest: 14-year-old boy charged in school shooting
- 14:10 Obama: Peres won his wars but understood the need for peace
- 14:10 Hurricane Matthew now a Category 3 storm
- 14:10 Correction: Yellowstone-Ringing Phones story
- 13:54 Senators: Some voter registration deadlines defy federal law
- 13:47 In death, Peres brings Israelis, Palestinians together