# FMMO modernization: What changes will go into effect in June 2025? | Ag Proud

> Multiple changes to Federal Milk Marketing Order pricing formulas take effect in June 2025 after approval in a producer referendum. They include higher make allowances for butter, cheddar, dry whey and nonfat dry milk, higher Class I differentials, updated milk composition factors, and removal of barrel cheese prices from the Class III formula.

- Date: 2025-05-15 · published 2025-05-15T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/24835-fmmo-modernization-what-changes-will-go-into-effect-in-june-2025-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Changes to the milk pricing formulas shift how farm milk value is calculated across US regions, which affects producer returns without changing underlying supply or demand. Traders and dairy buyers will need to adjust to the new benchmarks.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2025-09-03 | [FMMO Modernization Takes Effect, With NEXT Next - NMPF](https://feedsoft.ai/events/23047-fmmo-modernization-takes-effect-with-next-next-nmpf.md) | +2.8% | +1.9% |
| 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 | 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 | 2016-06-23 | [June sales period offers dairy margin protection option -  \| Ag Proud](https://feedsoft.ai/events/4754-june-sales-period-offers-dairy-margin-protection-option-ag-proud.md) | 0.0% | +15.5% |

## Sources

- agproud.com: https://www.agproud.com/articles/61421-fmmo-modernization-what-changes-will-go-into-effect-in-june-2025

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