By Vin Narayanan Milk and orange juice. They’ve been breakfast staples of the Fix (and America) for a long time. And now both industries are facing an existential crisis.
America’s largest milk producer, Dean Foods, filed for bankruptcy this week (CNBC). Dean Foods will remain in operation while it reorganizes and addresses its debt. So don’t worry about milk disappearing from the shelves of your grocery store. There’s plenty to go around.
Dean Foods hopes the Dairy Farmers of America will buy it out. The two parties are in “advanced” discussions about that possibility.
But even if Dean Foods is acquired, that doesn’t change the fact …read more
