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Several dairy cooperatives and farm groups filed letters supporting the National Milk Producers Federation's request for a federal hearing on Federal Milk Marketing Order reforms. The USDA AMS received the request on May 2 and has 30 days to respond.
The digest also notes a June Class I base price decline.
Possible changes to milk pricing rules could alter farm-gate milk returns over time, but the near-term price effect is uncertain until USDA decides on a hearing.
agproud.comDave NatzkeMay 18, 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.
