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USDA is hearing testimony on proposed changes to the Federal Milk Marketing Order system, with 21 proposals under review in week nine of hearings. Farm groups argue the Class I and II differentials are overdue for an update and have pushed to raise the Class II differential.
Changes to class differentials would alter how processors pay for milk by end use, affecting farm milk checks. The hearings are ongoing, so no near-term price effect is certain.
fb.orgDaniel MunchNov 29, 2023After 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.
