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Nation’s leading dairy co-op frustrated that legislators have again stalled the Dairy Security Act.

Dean Foods will use $887 million in net sale proceeds to significantly reduce outstanding debt. Canada-based Saputo expects to expand product offerings to U.S. customers.

Mulhern’s position is a new one within National Milk Producers Federation.

Voting ends Dec. 15 to select three national winners.

The move creates a new company to drive investment in Core Power protein milk shake and build opportunities for future dairy-based beverages.

If Congress fails to approve the pending 2012 farm bill, the 1949 permanent law will kick in next month. The result could be dairy support prices of $40 per cwt.