Farmers across the country are being asked to dump their milk, as food service demand crumbled rapidly due to COVID-19. Still, farmers are frustrated that consumers can't buy as much milk as they want right now.
Borden Dairy Co. filed for bankruptcy, becoming the second major U.S. milk seller to do so in two months as competitive pressures, declining consumption and falling profits made its debt load unsustainable.
Trade with China is also a topic on Capitol Hill. The Senate Ag Committee holding a hearing on the state of the livestock industry. It was a hearing from representatives throughout the livestock sector.