date:May 12, 2014
fourth quarter of 2013.
Based on current Class I raw milk forecasts, we anticipate the second quarter of 2014 will be the highest quarterly average on record, exceeding the first quarters average by approximately 6%, said Gregg Tanner, chief executive officer of Dean Foods. The result of this continued upward movement in raw milk prices has increasingly moved us into unchartered territory with respect to price elasticity within the fluid milk category.
He said Dean Foods expects another loss