date:May 09, 2014
ificant rise in raw milk supply from the United States and Europe was needed to arrest the spike in prices.
U.S. milk production rose just 1 percent in January-March, according to the U.S. Department of Agriculture.
Dean Foods said in October that it would close 8-12, or about 15 percent, of its factories by the middle of this year to focus on its milk business.
The company cut its adjusted earnings forecast for the year ending December to at least 60 cents per share from 73-86 cents.
Dean F