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Borden is the second giant U.S. dairy company to seek bankruptcy protection as raw milk prices and sales of milk alternatives continue to soar. Borden, whose mascot, Elsie the Cow, has smiled out at consumers from milk, cheese and butter cartons for more than 80 years, has filed for bankruptcy protection, becoming the second major U.S. dairy company to seek help as milk prices soar and more Americans turn to milk alternatives. Borden Dairy Co., which is based in Dallas, reported losses of $42.4 million in 2019. In a filing Sunday in U.S. Bankruptcy Court in Delaware, it listed debts…

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