SURPLUS PUSHES DOWN WHOLESALE MILK PRICES

ARLINGTON, Va. -- A surplus of milk triggered a wholesale price drop of more than 11% beginning last week, with a further reduction expected in August.The current price decline should translate to a drop of 10 cents to 15 cents per gallon at retail, according to Thom Wilborn, director of communications for the National Milk Producers Federation here.And some retailers have already begun to pass on

ARLINGTON, Va. -- A surplus of milk triggered a wholesale price drop of more than 11% beginning last week, with a further reduction expected in August.

The current price decline should translate to a drop of 10 cents to 15 cents per gallon at retail, according to Thom Wilborn, director of communications for the National Milk Producers Federation here.

And some retailers have already begun to pass on the savings to consumers, although a boost in sales is not expected.

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