The U.S. Department of Agriculture said it will halt some government reports including milk production, rice supply and cattle herds because of federal spending cuts known as sequestration.
MetLife Inc. , the largest U.S. life insurer, has purchased a business providing group legal-services coverage from Allstate Corp. , adding to its Hyatt Legal Plans business.
U.S. milk production is headed for the biggest contraction in 12 years as a drought-fueled surge in feed costs drives more cows to slaughter.
U.S. milk production increased 2.4 percent in June as a rise in per-cow output more than made up for a smaller dairy herd, according to the Department of Agriculture.
Record dairy profits and milder weather are leading to a surge in milk supplies from Auckland to California, turning last year’s best-performing commodity contract into one of the worst of 2012.
U.S. milk output increased 1.3 percent in May, the Department of Agriculture said, as climbing prices spurred farmers to increase productivity.
U.S. cheddar-cheese prices plunged the most since December 2008 as grocers slowed purchases after stockpiling most of what they will need for the year-end holidays.
U.S. milk production climbed 2 percent in February as rising prices spurred dairy farmers to increase herds and boost per-cow output, according to the Department of Agriculture.
U.S. milk production rose 1.5 percent in April, the Department of Agriculture said, as higher prices pushed farmers to increase herds and boost per-cow output.
"The monthly milk-production report is a key piece of information that the industry looks at to analyze overall milk supply."
- Bill Brooks on Mar 12, 2013