date:Mar 20, 2014
tz told reporters after the company's annual meeting in Seattle on Wednesday.
U.S. dairy prices are at record highs and could move up a bit more in March before easing as a result of increased production, said Jerry Dryer, editor of the Dairy Food Market Analyst.
He and other experts say the rise is primarily due to increased demand from Asia and other markets.
The demand for dairy in Asia, specifically China, is something the world's going to have to deal with, Schultz said.
General Mills