Raw Milk and the Rise of ‘Food Freedom’
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    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,766,872 (+0.21%)       Melbourne $1,063,597 (+0.19%)       Brisbane $1,235,996 (-0.71%)       Adelaide $1,100,588 (+1.40%)       Perth $1,114,234 (+0.36%)       Hobart $869,301 (-0.74%)       Darwin $915,158 (+0.08%)       Canberra $1,030,597 (+1.34%)       National Capitals $1,197,064 (+0.25%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $817,869 (+0.11%)       Melbourne $552,138 (-0.21%)       Brisbane $784,920 (-1.69%)       Adelaide $585,744 (+1.59%)       Perth $658,340 (-1.87%)       Hobart $565,063 (-1.53%)       Darwin $494,206 (+0.53%)       Canberra $485,800 (-1.53%)       National Capitals $640,344 (-0.70%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 14,003 (-141)       Melbourne 16,852 (-119)       Brisbane 7,876 (+60)       Adelaide 2,794 (-13)       Perth 6,084 (+33)       Hobart 771 (-22)       Darwin 139 (+2)       Canberra 1,196 (+25)       National Capitals 49,715 (-175)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 9,308 (-9)       Melbourne 6,777 (-31)       Brisbane 1,556 (-5)       Adelaide 434 (-6)       Perth 1,292 (+16)       Hobart 154 (-9)       Darwin 198 (+7)       Canberra 1,191 (+1)       National Capitals 20,910 (-36)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $850 ($0)       Melbourne $600 ($0)       Brisbane $700 ($0)       Adelaide $650 ($0)       Perth $750 ($0)       Hobart $628 (+$3)       Darwin $850 ($0)       Canberra $750 ($0)       National Capitals $733 (+$)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $800 ($0)       Melbourne $590 ($0)       Brisbane $670 ($0)       Adelaide $560 (+$5)       Perth $700 ($0)       Hobart $503 (-$38)       Darwin $650 ($0)       Canberra $600 ($0)       National Capitals $646 (-$2)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 5,466 (-47)       Melbourne 6,685 (-129)       Brisbane 3,539 (-24)       Adelaide 1,337 (+2)       Perth 2,237 (-54)       Hobart 240 (+8)       Darwin 38 (-10)       Canberra 431 (+10)       National Capitals 19,973 (-244)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 8,715 (+45)       Melbourne 4,547 (+16)       Brisbane 1,877 (-18)       Adelaide 430 (0)       Perth 686 (+10)       Hobart 66 (-5)       Darwin 65 (-5)       Canberra 721 (+2)       National Capitals 17,107 (+45)                HOUSE ANNUAL GROSS YIELDS AND TREND         Sydney 2.50% (↓)       Melbourne 2.93% (↓)     Brisbane 2.94% (↑)        Adelaide 3.07% (↓)       Perth 3.50% (↓)     Hobart 3.75% (↑)        Darwin 4.83% (↓)       Canberra 3.78% (↓)       National Capitals 3.19% (↓)            UNIT ANNUAL GROSS YIELDS AND TREND         Sydney 5.09% (↓)     Melbourne 5.56% (↑)      Brisbane 4.44% (↑)        Adelaide 4.97% (↓)     Perth 5.53% (↑)        Hobart 4.62% (↓)       Darwin 6.84% (↓)     Canberra 6.42% (↑)      National Capitals 5.24% (↑)             HOUSE RENTAL VACANCY RATES AND TREND       Sydney 1.4% (↑)      Melbourne 1.5% (↑)      Brisbane 1.2% (↑)      Adelaide 1.2% (↑)      Perth 1.0% (↑)        Hobart 0.5% (↓)       Darwin 0.7% (↓)     Canberra 1.6% (↑)      National Capitals $1.1% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 1.4% (↑)      Melbourne 2.4% (↑)      Brisbane 1.5% (↑)      Adelaide 0.8% (↑)      Perth 0.9% (↑)      Hobart 1.2% (↑)        Darwin 1.4% (↓)     Canberra 2.7% (↑)      National Capitals $1.5% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND         Sydney 33.5 (↓)       Melbourne 32.6 (↓)     Brisbane 33.4 (↑)      Adelaide 26.4 (↑)        Perth 37.8 (↓)       Hobart 29.4 (↓)     Darwin 27.8 (↑)        Canberra 30.0 (↓)       National Capitals 31.4 (↓)            AVERAGE DAYS TO SELL UNITS AND TREND         Sydney 31.4 (↓)       Melbourne 29.8 (↓)       Brisbane 32.2 (↓)     Adelaide 26.2 (↑)        Perth 37.5 (↓)       Hobart 31.4 (↓)     Darwin 37.4 (↑)        Canberra 38.7 (↓)       National Capitals 33.1 (↓)           
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Raw Milk and the Rise of ‘Food Freedom’

Interest in unpasteurised dairy is soaring despite health risks, thanks to lifestyle influencers, commentators and politicians promoting its consumption

By SARA ASHLEY O’BRIEN
Fri, Jun 7, 2024 8:00amGrey Clock 7 min

Dairy farms have been in decline for decades, but you wouldn’t know it looking at Mark McAfee’s. Based in Fresno, Calif., his business has grown substantially since 2020, he said, and is on track to hit $30 million in sales this year.

His company, Raw Farm, is the largest supplier of unpasteurised milk in California. Gwyneth Paltrow is a fan of the brand, whose products can be found at the specialty grocers Erewhon and Sprouts. Podcast hosts and social-media personalities have fuelled demand, claiming that raw milk is creamier, more nutritious and easier to digest than pasteurised dairy.

“Influencers have really driven us in the last four years to new levels we never imagined,” McAfee said in an interview.

The Food and Drug Administration has long warned Americans against drinking unpasteurised milk, which can expose consumers to salmonella, listeria and E. coli, and has the potential to cause rare and serious disorders. The FDA has said raw milk is not healthier than pasteurised and, in fact, raises the risk for harm. Selling raw milk is legal in California and more than half of U.S. states, but its sale across state lines has long been banned by the FDA, which warns that drinking unpasteurised milk can cause bacterial outbreaks that have resulted in miscarriages, stillbirths, kidney failure and death. It can be particularly unsafe for children, the elderly, immunocompromised people and pregnant women, the agency says. This year, the FDA warned about the risk of bird-flu contamination amid an outbreak that has infected dairy cows. Twenty states have laws on the books prohibiting raw milk in some form.

But in many corners of the internet, raw milk is presented as healthy, wholesome and cool. Some people brag about obtaining it in states where retail sales are illegal. “I have a dealer,” said Texas-based influencer Lauryn Bosstick on her popular podcast, “The Skinny Confidential Him & Her.” In an email, Bosstick said “I love raw milk.” As a guest on the show, Paltrow , who lives in raw-milk-friendly California, said she drinks raw cream in her morning coffee and that Raw Farm is her favourite.

Others have turned their preference into a political stance, a way of rallying against what they see as government overreach. Robert F. Kennedy Jr. has voiced support for “food freedom”—a term that has come to encompass everything from intuitive eating to diets that the FDA has deemed dangerous. He has expressed solidarity with Amos Miller, a Pennsylvania-based Amish farmer whose business has run afoul of raw-milk regulations and faced consequences as a result. Kennedy said he “only drank raw milk” while on a 2022 panel at a conference for anti vaccine nonprofit Children’s Health Defense, which he chairs. His running mate, Nicole Shanahan , recently posted a photo on Instagram in which she smiles while hugging two people at a farmers’ market selling raw milk.

“Mr. Kennedy believes that consumers should be able to decide for themselves what foods to put into their bodies,” a spokesperson for Team Kennedy said in an emailed statement.

Trust in the U.S. government and American media are at near-record lows, driving people to seek alternative authorities and information sources. For many, influencers and self-styled experts have filled the void. As a growing number of them tout products that could cause harm, people across the country are drinking it up.

Farmers Against Pasteurisation

The federal government set its first safety standards for dairies in 1924, introducing regulations that states could adopt on a voluntary basis. This followed many disease outbreaks linked to milk, including typhoid fever, scarlet fever and tuberculosis. Pasteurisation, a heating process that kills harmful bacteria such as E. coli, listeria and salmonella, became the norm as dairy farmers and sellers sought to prevent food borne illnesses.

But soon a group of dissenters emerged, arguing that pasteurisation stripped milk of its nutrients. That cohort included the owner of the Monrovia, Calif.-based farm Alta Dena, which would become a major supplier of raw milk.

Unpasteurised milk appealed to the counterculture and became linked with the growing natural and organic food movement of the 1970s. But following various outbreaks, legal challenges and a 1987 FDA ban on interstate raw milk sales that remains in effect today, Alta Dena stopped selling unpasteurised products and sold its farm. The Alta Dena brand exists today but sells pasteurised milk and other dairy products. McAfee’s farm, founded in 1998 as Organic Pastures, stepped up to grab its market share.

“That really helped us to establish our business,” McAfee said. But he has run into some trouble. In 2008, McAfee and the company pleaded guilty to misbranding raw milk as pet food in order to sell it across state lines. A court order two years later demanded that the company cease selling its raw-milk products for any purpose between states and stop making drug claims about its products, unless authorised by the FDA. In 2023, the Justice Department alleged that Raw Farm had violated the court order by selling raw-milk cheese across state lines and claiming it could cure, mitigate, treat or prevent disease. Raw Farm agreed to settle the dispute. Now, the Justice Department is seeking to enforce the settlement following recent outbreaks of salmonella and E. coli it says were linked to Raw Farm’s raw milk and cheddar cheese ; Raw Farm denies there was E. coli in its cheddar cheese product. Raw Farm’s raw milk is only available in California; its unpasteurised cheese is sold beyond California, as well as a raw-milk pet food kefir.

In the early aughts, Mary McGonigle-Martin started seeing raw milk at her local health-food store in Temecula, Calif., where signs framed the dairy product as a cure for asthma, allergies and other ailments. Skeptical at first, she went to Organic Pastures’ website to learn more. “They talked about how they tested every batch of milk and they never found a pathogen,” she said. She decided the milk was safe for her 7-year-old son to drink. “It was very naive of me,” she said.

McGonigle-Martin’s son Chris became severely ill after drinking the milk for a couple of weeks. He was hospitalised, required blood transfusions, put on a ventilator and diagnosed with hemolytic uremic syndrome, a rare but serious kidney condition. Though Chris survived, McGonigle-Martin and another family whose child became sick sued McAfee and Sprouts for negligence and product liability, claiming that their children suffered from E. coli. The parties settled for an undisclosed amount in 2008. McGonigle-Martin has since become an activist, working to warn parents about the risks for children.

McGonigle-Martin said she believes that farmers who advocate for raw milk have good intentions but are ultimately spreading what amounts to misinformation.

Meanwhile, interest is way up. GetRawMilk.com, which aims to help consumers find local suppliers, has experienced a surge in views in recent months. Its creator said in an email that the site’s traffic has been “hitting new all-time highs,” with nearly 97,000 visitors in May.

The Influencer Effect

At the upscale Los Angeles grocery store Erewhon, a 64-ounce jug of McAfee’s Raw Milk retails for $11.99. Each bottle carries a warning: “Raw milk and raw milk dairy products may contain disease-causing microorganisms.” According to the label, those at highest risk of disease include “newborns and infants; the elderly; pregnant women.”

The pandemic brought “explosive” growth to the business, McAfee said. “People got smart and they said, ‘Well, what is the most immune-system-building food on earth?’” One study, published by the CDC’s Emerging Infectious Diseases journal in 2017, found that unpasteurised dairy products were associated with roughly 840 times more illnesses and 45 times more hospitalisations than pasteurised products.

On social media, where “What I Eat in a Day” videos are popular, doctors, nutritionists and lifestyle personalities have praised raw-milk consumption. “This is why you should be drinking raw milk,” says Paul Saladino, a doctor who once sold people on his “Carnivore Diet,” in a video on Instagram, where he has two million followers. In an April TikTok , the “Skinny Confidential” host Bosstick describes the “bowl of meat” she eats “probably twice a day,” crediting it for weight loss and hair growth. “I also do raw milk,” she says.

Tieghan Gerard, creator of the popular food blog Half Baked Harvest, incorporated raw milk into an iced peach-lemonade matcha latte recipe. Hannah Neeleman , a pageant queen and influencer whose @BallerinaFarm Instagram account has nine million followers, posts videos of herself and her children drinking raw milk directly from the udders of their cows in Utah. The farm she shares with her husband is slated to open Ballerina Farm Dairy in the coming weeks, Neeleman said. It will sell raw milk, among other unpasteurized dairy products, in the state.

Meanwhile, commentators for conspiracy theorist Alex Jones’ website Infowars have downplayed the risks of raw milk , chalking up warnings to collusion between the FDA and “Big Milk.”

McAfee says Raw Farm does not pay any influencers or celebrities to promote its products, but it ships free products to roughly 350 influencers a year. He says many more have been promoting products they paid for themselves. “They go crazy telling you how delicious it is,” he said.

Bill Marler, a personal injury attorney in Washington state focused on food borne illness cases, has sued McAfee on several occasions, including while representing McGonigle-Martin. “They’re a big player and Mark is a proselytiser,” he said.

Another big advocate is the Weston A. Price Foundation, an organisation founded in 1999 with the stated goal of bringing back “nutrient-dense” foods to Americans.

Sally Fallon Morell, its founding president, owns a farm in Maryland that sells raw milk for pets. Maryland state law prohibits the sale of raw milk for human consumption. She claims there is no scientific reason to oppose raw milk and offers alternative explanations for the few instances the FDA has said people died or became ill from drinking it. Through her Farm-to-Consumer Legal Defense Fund and her website Real Milk, she advocates for the consumption of unpasteurised dairy and criticises federal food regulation and nutrition guidelines.

“We’re giving our children skim milk, processed foods, loaded with additives, industrial seed oils, lots of sugar,” she said. “We’re at the 11th hour, and things have got to change or there’ll be no people,” she added, calling it a “genocide” what children are being fed in school.

Her foundation made it a mission to make unpasteurised milk legal in every state . According to the foundation, raw milk can be obtained in 46 states, through retail or direct sales, herd share agreements or as pet food. According to the FDA, only 30 states can legally sell raw milk for human consumption.

On an October episode of the organisation’s “Wise Traditions” podcast, Fallon Morell spoke about Nevada, where raw milk for pets must be marked with dye. She shared a desire to “get them to lift that.”

Soon, McAfee said, he’ll be selling frozen raw milk labeled as pet food in all 50 states, using a label he said the FDA approved. The FDA did not confirm whether it had approved the label, but a spokesperson said that if the agency becomes aware of the diversion of raw milk labeled for pets into the human food supply, it will take the appropriate action.

“The influencers, all day long, they say, ‘I identify as an animal, get this stuff, this stuff is awesome,’” said McAfee. “They know that it’s exactly the same product they sell in California with a different label.”



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Everything You Need to Know About the SpaceX Trading Debut

Shares in Elon Musk’s rocket maker are set to begin trading at midday Friday.

By CORRIE DRIEBUSCH
Fri, Jun 12, 2026 4 min

Elon Musk’s   SpaceX is set to make its stock-market debut Friday in the largest IPO ever—and perhaps the most closely watched. The company sold an outsized portion of the offering to individuals. Its performance on Friday will be a crucial gauge of investor appetite for mega-offerings from OpenAI and Anthropic expected later this year.

The rocket maker, which derives most of its revenue from its satellite internet unit and has a nascent artificial-intelligence business, will trade under the ticker “SPCX.” It sold 555.6 million shares at $135 each, raising about $75 billion in a deal that valued the company at roughly $1.77 trillion.

When will shares open for trading?

SpaceX executives are set to ring the Nasdaq’s opening bell in New York, but shares in buzzy initial public offerings don’t tend to start trading until later in the day.

Bankers leading an IPO typically want to match buyers and sellers for about 10% of the shares sold before opening trading to lessen volatility. For SpaceX, that would be about 55 million shares, or roughly $7.5 billion worth.

Because pre-IPO investors are restricted from selling shares for a while, it can take time to find willing sellers among those who bought shares in a high-demand IPO.

Shares of Alibaba , the largest U.S. IPO until SpaceX, opened for trading a little before noon in its 2014 offering. Last year, one of the highest-profile offerings was that of software maker Figma , whose shares started trading just before 2 p.m.

It is possible that SpaceX’s bankers will decide to start trading without matching the typical portion of orders to ensure the shares have several hours of trading on their first day, people familiar with the matter say.

How volatile will the stock be?

Bankers and traders expect SpaceX’s share price could be volatile in initial trading, thanks in part to the large portion of its shares expected to be held by individual investors. Some who anticipate individuals will rush into the shares worry they could just as easily get spooked and rush out.

Any sharp movement in stock price could trigger so-called circuit breakers that could pause trading. For most newly listed companies, a 10% swing in either direction prompts a five-minute pause. Companies that had their shares halted include Figma and Cerebras Systems , the chip company whose shares soared in its May debut.

These forced timeouts applied to single stocks came after the so-called flash crash in 2010, when the Dow Jones Industrial Average fell 700 points in eight minutes before recouping much of the loss.

What is all the talk about the ‘green-shoe’ option?

If the stock starts trading erratically, bankers have a secret weapon to attempt to calm things down.

Underwriters typically sell more shares to investors than an IPO’s total offer size, colloquially called the green shoe. In SpaceX’s case, they sold about 15% more shares than the stated offering size.

Because this means they technically allocated more than the offering amount, the so-called stabilisation agent, in this case, Morgan Stanley , needs to buy back the excess number of shares to deliver them. If the stock starts to fall, the bank will buy the shares in the open market, which helps buoy the stock price. If the stock isn’t faltering, the stabilisation agent can buy the additional shares they need to deliver to investors directly from the company.

The term “green shoe” comes from the first company to employ a version of this method years ago, a shoemaker that was a predecessor to Stride Rite. When Meta Platforms , then known as Facebook, went public in 2012, its shares started dropping and its bankers stepped in to buy more shares.

How will Elon Musk’s take-it-or-leave-it pricing fare?

Like all things Musk, SpaceX’s IPO bucked the norms. Instead of approaching prospective investors with a possible price range for shares ahead of the IPO and incorporating their feedback, the company set an exact share price from the beginning: $135.

The idea was to limit drama for what is already the biggest IPO of all time. It did, however, remove what many see as an important step along the way: price discovery. The success of this approach will partly be judged by how SpaceX’s shares trade Friday. If the stock surges, critics will say SpaceX left money on the table by not pricing shares higher. If the stock falls or trades flat, there will likely be critiques that SpaceX and its advisers overestimated demand.

Will the machinery hold up—and what will be the wider market impact?

The sheer size of SpaceX’s IPO will test the trading infrastructure at Nasdaq and could have ripple effects in the broader market.

Nasdaq has practiced with mock openings to make sure its trading platform is prepared. When Facebook went public, some investors who tried to change or cancel orders ahead of trading didn’t get confirmations because of a technology malfunction. The confusion contributed to Facebook shares dropping on the first day of trading. They didn’t return back above their IPO price for more than a year.

Meanwhile, some market watchers expect added activity Friday in stocks that individual investors might sell to buy SpaceX shares, such as those of technology companies and Musk’s electric-car maker Tesla . Such sales already appeared to be under way earlier in the week, when individual investors dumped single-stock holdings on a net basis for two days in a row, according to Vanda Research. (To be sure, those sales came on days that were poor showings for tech stocks broadly.)

It will take several days for SpaceX shares to show up in any major index funds , so the offering’s wider impact on the market could play out over the next several weeks or longer.

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