Got Milk?

Published: Nov. 13, 2019, 12:23 p.m.

b"Dean Foods, America's biggest milk processor, filed for bankruptcy Tuesday amid a decades-long drop-off in U.S. milk consumption blamed on changing trends and a growing variety of alternatives. The Dallas company said it may sell itself to the Dairy Farmers of America, a marketing cooperative owned by thousands of farmers. Last year, total sales dropped $1.1 billion, according to the Dairy Farmers of America. However, sales of dairy alternative products have been soaring. Over a 52-week period that ended in June 2018, oat milk and non-dairy milk blends saw the highest growth, with dollar sales up 23% and 51%, respectively. And therein lies the problem. ABC's Cheri Preston joins Tony with the story."