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USDA began hearings on 21 proposals to amend the Federal Milk Marketing Order system, starting August 23. One subject covers the National Dairy Products Sales Report, which captures only a small share of product volume and plants.
Changes to how USDA surveys dairy product prices could alter the minimum prices paid to farmers, shifting milk price formulas over time.
fb.orgDaniel MunchAug 31, 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.
