AP Business Writer
The U.S. dairy industry, the largest in the world, is under severe pressure as the consumption habits of Americans shift.
Borden Dairy Co. filed for bankruptcy protection, the second major U.S. dairy to do so in as many months. Borden produces nearly 500 million gallons of milk each year for groceries, schools and others. It employs 3,300 people and runs 12 plants across the U.S.
American refrigerators are increasingly stocked with juice, soda and milk substitutes made from soy or almonds. At the same time, protein bars, yogurts and other on-the-go breakfasts have replaced a morning bowl of cereal. That has hammered traditional milk producers like Borden, which was founded in 1857.
The amount of liquid milk consumed per capita in the U.S. has tumbled