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Milk Glut Spurs Slump in Win for U.S. Butter Eaters: Commodities

2014-12-12 04:20:55| Food - Topix.net

Milk is flowing like never before in the U.S., where dairies have expanded output enough to send wholesale prices plunging from an all-time high in September. Production in the 12 months through October reached 17.08 billion pounds a month on average, up 1.8 percent from the same period a year earlier, as farmers took advantage of high milk prices and low livestock-feed costs, government data show.

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