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Dean Foods cuts 2014 profit forecast as raw milk costs soar
date:May 09, 2014
e to the previously disclosed loss of business from a large retailer, Dean Foods' unadjusted fluid milk volumes declined 6.7 percent (in the first quarter), the company said in a statement.

Dean Foods is facing headwinds due to high raw milk costs and the loss of the private-label milk contract, Chief Executive Gregg Tanner said on a post-earnings conference call.

Milk prices have been rising in the United States since 2008, when China started sourcing foreign-made milk powder and infant formu

12/26 00:25