The government’s basic price support level for...
The government’s basic price support level for milk will be lowered 25 cents today to $11.10 per hundred pounds, the Agriculture Department said. The reduction was ordered by Congress in the Food Security Act of 1985, which also calls for a further cut of 50 cents per hundredweight on Jan. 1 if it appears that 1988 production will exceed use by a specified margin. No decision on the Jan. 1 cutback has been announced.
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