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The Federal Milk Marketing Order advanced Class I base price rose $1.56 to $18.82 per cwt for July, though still $2.29 below a year earlier. The Class III skim pricing factor was $9.66, and Canada passed a bill to protect its dairy sector in future trade talks.
A higher Class I base reflects firmer milk pricing mechanics, but the year-on-year decline signals weaker dairy returns. Trade protection in Canada adds policy uncertainty for dairy export flows.
agproud.comJenn Coyne, Karen LeeJun 19, 2025After 93 past neutral policy events, MILK moved a median -0.0% over 5 sessions (48% higher; middle half -0.6% to +0.6%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
