Is Milk Racist? Maybe the market thinks so...
Is milk racist?
It's white. And, milks' features benefit whites more than blacks.
Samantha Diaz, a staff writer for the college paper The Daily 49er, wrote an op-ed claiming the milk is a symbol of racism and white nationalism this past March.
Here is a summary of the article. Is Milk Racist?
So that got me thinking. Does Trump drink milk?
I did a little research and found out, yes indeed, Trump drinks milk. So it must be racist!
So then I looked up what has happened to milk futures since the article came out. Yes ,the price of milk has dropped since the article.
Digging further I looked at the chart (above) for Dean Foods. They derive a good deal of their revenue and profits from milk and butter sales - and they are the largest public dairy in the country.
What did I find out? Dean's stock price has dropped 40% since March.
So is milk racist? I don't know, markets are complex. Yet, I think the market is telling us something about milk. Maybe we should listen.
And, what does this mean for Wisconsin? Statistically, Wisconsin is a huge milk producer and one of the toughest states for blacks to live. Is there a link? Maybe milk is racist.
Disclosure: I do not drink milk. But I love cheese.
Chris Vig is president of The Vig Company and is an investor, artist, author, business consultant and former CEO living in Monona, WI. This article is for entertainment purposes only. Do you own diligence when investing your hard earned cash.