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USDA's AMS announced a final rule amending the uniform pricing formulas in all 11 Federal milk marketing orders, after producers in each order approved the changes in referenda. Changes include updated skim milk composition factors, with a delayed implementation, and the removal of barrel cheese from the pricing formulas.
The reformed pricing formulas will change how US milk prices are set from June 2025, which could shift farm-gate milk values and regional price relationships. The impact on overall dairy price direction is uncertain.
ams.usda.govJan 16, 2025After 93 past neutral policy events, Milk (Class III) 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.
