Dairy market optimistic for 2020 as Dean Foods folds

Dairy market optimistic for 2020 as Dean Foods folds

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The dairy industry is keeping a close eye on the 2020 outlook as America’s top milk producer, Dean Foods, files for bankruptcy.

According to experts, a recent rebound in prices and more export opportunities signals a market turn around. Analyst, Bryan Doherty, is optimistic the issue is just a short-term disruption.

As we previously reported, Dean Foods will keep the business operating but plans to reorganize debt & eventually sell the company. They may make a deal with the co-op, Dairy Farmers Of America, to buy a major portion of Dean Foods.

The company's profits fell 14% in the first half of 2019.

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