# FMMO Modernization Takes Effect, With NEXT Next - NMPF

> The FMMO modernization final rule took effect June 1, restoring the higher-of Class I price mover and updating make allowances and Class I differentials. USDA will implement a final part of the rule increasing skim milk component factors on Dec. 1. NMPF's new NEXT export program began accepting bids after its board approved it.

- Date: 2025-09-03 · published 2025-09-03T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/23047-fmmo-modernization-takes-effect-with-next-next-nmpf
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The rule changes how processors value milk, which affects farm milk checks, and the NEXT export program may support US dairy product exports. Overall effects on milk prices are gradual.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2022-08-22 | [What happened What's Next: NMPF lays out FMMO modernization timeline \| Ag Proud](https://feedsoft.ai/events/40205-what-happened-what-s-next-nmpf-lays-out-fmmo-modernization-timeline-ag-proud.md) | +0.2% | -0.9% |
| MILK | 2025-05-15 | [FMMO modernization: What changes will go into effect in June 2025? \| Ag Proud](https://feedsoft.ai/events/24835-fmmo-modernization-what-changes-will-go-into-effect-in-june-2025-ag-proud.md) | +0.4% | +1.5% |
| MILK | 2022-10-25 | [Weekly Digest: NMPF endorses FMMO modernization provisions \| Ag Proud](https://feedsoft.ai/events/39269-weekly-digest-nmpf-endorses-fmmo-modernization-provisions-ag-proud.md) | +0.0% | -3.6% |
| MILK | 2023-12-20 | [How would FMMO changes affect milk prices?](https://feedsoft.ai/events/32711-how-would-fmmo-changes-affect-milk-prices.md) | -0.1% | -5.9% |
| MILK | 2018-01-02 | [Welcome to 2018, with all eyes on farm bill - POLITICO](https://feedsoft.ai/events/66978-welcome-to-2018-with-all-eyes-on-farm-bill-politico.md) | -10.1% | -9.9% |

## Sources

- nmpf.org: https://www.nmpf.org/fmmo-modernization-takes-effect-with-next-next/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.