Borden Is Latest Big Milk Producer To Go Bust

From: cbsnews.com

The glass is looking half empty for big milk companies these days, as Borden Dairy Company becomes the second large producer in recent months to file for Chapter 11 bankruptcy protection. Blame, among several factors, more Americans drinking dairy alternatives made with soy, rice or nuts, industry experts said.

America’s consumption of cow milk has lagged in recent years amid a surge in popularity of nut-based milks and as retailers offer their own low-cost house brands to bring in more shoppers. Making business even more difficult is the nation’s dwindling supply of dairy farmers.

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