WASHINGTON — A supply glut, sluggish domestic demand and a sharp contraction in dairy exports have continued to pressure milk prices downward. As SN reported in January, farm-gate milk prices in California — where the price paid to farmers is regulated by the state's department of agriculture and linked to futures trades on the Chicago Mercantile Exchange — were set at their lowest rate in 30 years during February. The price collapse has spread and worsened since then, with dairy farmers ...
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