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Editor's note: This article was updated on March 21 to include additional comments from Dairy Farmers of America.
An updated court docket outlines the bidding and sales procedures and timeline as Dean Foods continues its journey through bankruptcy. The order (docket number 1178) was signed by Judge David Jones at the conclusion of hearing, held March 19, in the U.S. Bankruptcy Court for the Southern District of Texas, Houston, Texas.
Editor’s update: Following an afternoon hearing on March 19, U.S. Judge David Jones said he would sign an order outlining procedures and the timetable regarding Dean Foods’ bankruptcy proceedings. As described below, Dairy Farmers of America (DFA) will not be designated the stalking horse bidder. The court docket (#1175) is available on the case website.
The judge presiding over the Dean Foods bankruptcy proceedings could hear a substantially different proposal when a scheduled hearing resumes today (March 19).
Coronavirus disease 2019 (COVID-19) is a respiratory condition that can spread from person to person. The virus that causes COVID-19 is a new coronavirus that was first identified in the city of Wuhan, China.
Auction markets are an essential link in the food supply chain while providing a sales outlet and income for farmers and ranchers selling cattle and other livestock. The COVID-19 outbreak and efforts to control its spread are affecting how those markets operate.
Editor’s note:Progressive Dairy reached out to several regional dairy entities affected by the coronavirus and will provide updates as they become available.
Lengthy school closings due to the spread of coronavirus (COVID-19) have the potential to negatively impact fluid milk consumption and farmer milk prices. Adding to the milk dilemma, the school closings are occurring simultaneously nationwide, instead of being staggered as typically occurs.
The U.S. is confronting an outbreak of a novel coronavirus that causes serious respiratory disease and may be deadly for older people and those with weakened immune systems. The World Health Organization is now calling the outbreak a global pandemic because it is affecting countries all over the world.
In 1962, the average American consumed the equivalent of 647 pounds of milk* from dairy foods. This per-capita consumption proceeded to dip over the years but it’s almost all the way back to those earlier levels.
Pete Kappelman is a fourth-generation Wisconsin dairy farmer who now serves as senior vice president of member and government relations for Land O’Lakes.
In Pete Kappelman’s home state of Wisconsin, licensed dairy farm numbers fell by 818 last year. In neighboring Minnesota, where Land O’Lakes is headquartered, the number of licensed dairy farms declined by 328.
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