date:May 12, 2014
Dean Foods struggled with historically high raw milk prices as it reported a net loss of $8,956,000 in the first quarter ended March 31. Prices might go even higher in the second quarter before leveling off in the second half of the year, executives of the Dallas-based company said in a May 8 earnings conference call.
In the first quarter, Class 1 Mover, a measure of raw milk costs, was $22.38 per cwt, an all-time quarterly high, 22% higher than the first quarter of 2013 and 12% higher than the