# USDA Announces June 1 Implementation of New FMMO Formulas

> USDA will implement updated Federal Milk Marketing Order formulas on June 1, 2025, after producers approved the changes in a December referendum. Make allowances rise, lowering the Class III formula price by about 90 cents per cwt and the Class IV price by about 85 cents, and the Class III price will be based on block cheddar only.

- Date: 2025-01-18 · published 2025-01-18T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/26671-usda-announces-june-1-implementation-of-new-fmmo-formulas
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower formula prices from higher make allowances reduce the regulated milk price, a modest bearish factor for milk returns once implemented.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2025-06-02 | [FMMO Changes in Effect as of June 1 - NMPF](https://feedsoft.ai/events/24382-fmmo-changes-in-effect-as-of-june-1-nmpf.md) | +0.8% | +0.7% |
| MILK | 2025-10-01 | [Three Months In: Early Impacts of FMMO Amendments](https://feedsoft.ai/events/23045-three-months-in-early-impacts-of-fmmo-amendments.md) | -2.4% | -3.7% |
| MILK | 2018-10-26 | [Dairy Organizations Ask For More Aid From USDA As Retaliatory Tariffs Impact Profits - WPR](https://feedsoft.ai/events/62684-dairy-organizations-ask-for-more-aid-from-usda-as-retaliatory-tariffs-impact.md) | -4.2% | -6.8% |
| MILK | 2020-08-05 | [Large Negative PPDs on Milk - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/8832-large-negative-ppds-on-milk-ag-information-network-of-the-west.md) | -21.0% | -19.2% |
| MILK | 2023-09-26 | [Milk, cheese prices fall while USDA, industry discuss proposals - Brownfield Ag News](https://feedsoft.ai/events/34251-milk-cheese-prices-fall-while-usda-industry-discuss-proposals-brownfield-ag-news.md) | -0.2% | -8.5% |

## Sources

- milkproducerscouncil.org: https://www.milkproducerscouncil.org/post/usda-announces-june-1-implementation-of-new-fmmo-formulas

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