
Dairy economist Marin Bozic expects more milk to be pooled once new federal milk marketing order rules take effect, since higher make allowances give processors incentive to pool milk. USDA's changes were approved by producer referendum in January and take effect June 1, with skim milk composition changes on December 1.
Pricing formula changes shift how dairy revenue is distributed between processors and producers, but the immediate impact on milk prices is modest and mostly structural.
After 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.