Dairy

The International Dairy Foods Association (IDFA) sent a letter to Secretary of Agriculture Tom Vilsack today urging him to avoid or delay the impact of a 1949 law that could drastically raise milk prices. The letter outlined legal options available to the government to avoid this "dairy cliff," which could impact the pocketbooks of millions of consumers and taxpayers. …

As the first CEO of Verona-based Lamagna Cheese Co. in its 74-year history, John Sottile could see the challenge to come in getting the word out about the company. …

Today, more than ever, consumers are seeking adventure in flavors and demanding the ultimate taste experience. But they also want simplified ingredient lines that help provide a healthy balance to their varied meal choices. Kraft Foods Group, Inc. has revved up its innovation pipeline to bring more than 40 exciting foods and beverages to the table. Each has been developed to satisfy consumers' appetites for bold flavors, flexible eating patterns and simpler product recipes while still delivering great quality and value. …

Parmalat SpA on Thursday defended its acquisition of Lactalis American Group, which some shareholders had criticized as too expensive, by saying that the U.S. company's 2012 earnings justify the $900 million acquisition price. …

There’s one potential casualty of the fiscal cliff that hasn’t gotten much attention at all: the price of milk. …