date:Apr 02, 2014
money theyve made in many, many years, said Peter Gutierrez, vice president of global ingredient sales for Agri-Mark Inc., a 1,200-member dairy cooperative in Methuen, Massachusetts, that makes Cabot Creamery cheese and sells about 120 million pounds annually.
Milk futures in Chicago are up 23% this year and cheddar cheese gained 19%, with both reaching records last month. The higher prices are eroding profit margins for domestic purchases including dairy processor Dean Foods Co. (DF), sandwich