milk market

USDA hearing could lead to milk-price overhaul

Responding to dairy industry petitions, the USDA said it would open a hearing on Aug. 23 on possible changes to the complex Federal Milk Marketing Order system that sets the price farmers get for fresh milk.

Dairy Farmers of America wins bid for Dean Foods

The milk cooperative Dairy Farmers of America has entered into an agreement to buy most of milk processor Dean Foods’ assets as part of the latter’s bankruptcy proceedings. If approved, the $433 million deal will make DFA both the largest milk supplier and the largest milk processor in the country.