Bloomberg Businessweek

Got Milk Futures?

More dairy farmers are turning to the markets to hedge their bets as risks rise

Doug Block, a dairy farmer for 45 years, says he grew up in an era when the price of corn feed for cows fluctuated just 6¢ a bushel. The U.S. didn’t ship much cheese and butter overseas, and the government often bought cheese to buoy the market when prices sagged. Those days are gone. Block’s business depends on

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