USDA's Agricultural Marketing Service has proposed amending pricing provisions across the 11 Federal Milk Marketing Orders. Written comments are due by September 13, 2024.
The proposal is published in the Federal Register.
Changes to Federal Order pricing formulas can shift how farmers are paid for milk, affecting regional milk prices and the value of dairy supply. Final rules would matter for dairy price discovery and dairy feed demand.
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.