Sales Keep Dropping for Top Dairy Producer

As Bloomberg Markets writes, “The bad news keeps piling up for the milk market.”

The leading U.S. dairy milk producer, Dean Foods, has hit a six-year low, with its shares dropping by up to 8.9% this week.

Bloomberg adds, “Americans are turning away from milk amid a wealth of other beverage options and as non-dairy substitutes like almond and oat milk gain popularity.”

Dean Foods itself has acknowledged the soaring dairy-free demand, citing in 2016 “greater competition from plant-based milk substitutes” as a reason its sales were slumping.

In fact, as more and more consumers moo-ve away from cruel dairy and toward plant-based milks, the dairy industry has even dumped millions of unwanted gallons of milk.

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