Sign in to comment!

Menu
Home

U.S.

Louisiana stops sale of cheap milk at market

Holy cow!

A Louisiana supermarket was forced to yank its low-cost milk special after state auditors objected to the price.

Fresh Markets in Perkins Rowe was selling milk for $2.99 a gallon as part of a weekly promotion deal, but Louisiana requires that retailer markups be at least 6 percent above invoice and shipping costs, The Advocate reports.

State Agriculture and Forestry Commissioner Mike Strain said Fresh Market violated state regulations by selling milk below cost as part of a promotion.

The supermarket routinely sells a gallon of skim, 1 percent, 2 percent or whole milk for $2.99 on Tuesdays, limiting the quantity to four per customer, according to The Advocate.

 “They can sell it 6 percent over cost all day long. It’s when they sell it below cost that it becomes a problem,” Strain told the paper.

Strain’s office reportedly sent an auditor to the store to investigate the Fresh Market promotional deal after getting a complaint.

During the second week of January, the price for a gallon of whole milk in Baton Rouge ranged from $4 to $6.89.

Click for more from The Advocate

 

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.79% dw 3.82%  
15 Y Fixed Graph 3.02% -- 3.02%  
30 Y Fixed Jumbo Graph 4.10% up 4.08%  
5/1 ARM Graph 3.14% up 3.13%  
5/1 Jumbo ARM Graph 3.18% dw 3.50%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.60% dw 4.61%  
$50K HELOC Graph 4.09% dw 4.10%  
$30K Loan Graph 4.90% dw 4.91%  
$50K Loan Graph 4.35% up 4.34%  
$75K Loan Graph 4.36% up 4.35%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.72% dw 2.74%  
36 M Used Graph 3.21% dw 3.22%  
48 M New Graph 2.97% up 2.96%  
48 M Used Graph 2.76% up 2.74%  
60 M New Graph 3.11% up 3.10%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.38% -- 0.38%  
1 yr Graph 0.70% -- 0.70%  
5 yr Graph 1.47% -- 1.48%