No. 1 milk company declares bankruptcy amid drop in demand

FILE- In this June 29, 2017, file cows stand in stalls at dairy farm in Sauk City, Wis. Americans are not drinking milk like they used to for a number of reasons, the most prevalent being that there is so much more to choose. We've simply diversified our mealtime and snacktime routines. (AP Photo/Carrie Antlfinger, File)
FILE - In this Dec. 4, 2013, file photo Jessica Walton, of Guthrie, Okla., reaches for a container of milk at a grocery store in Edmond, Okla. On Tuesday, Nov. 12, 2019, Dean Foods, the nation's largest milk processor, filed for Chapter 11 bankruptcy protection and said it may sell the company off to the Dairy Farmers of America. (AP Photo/Sue Ogrocki, File)

Dean Foods, America’s biggest milk processor, filed for bankruptcy Tuesday amid a decades-long drop-off in U.S. milk consumption blamed on changing trends and a growing variety of alternatives.