◂ Event Timeline

May 30, 2023POLICYUS

As Wisconsin continues to lose dairy farms, a national dairy group hopes to make milk more profitable

Wisconsin has lost dairy farms steadily, falling from over 16,000 in 2003 to under 6,000 today, according to a USDA report. The National Milk Producers Federation has proposed five changes to federal milk marketing orders and asked USDA for a formal hearing.

WHY IT MATTERS

Structural herd losses reduce long-run milk supply, but the proposed pricing reforms are not yet approved and have no immediate effect on prices.

AFFECTSMilk (Class III)◆

SOURCE
wpr.orgHope KirwanMay 30, 2023

Price reaction & history

Milk (Class III)◆neutralSO FAR1d 0.0%5d -6.0%20d -7.7%

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.

Apr 19, 2023From dairy pricing to private well testing, Wisconsin farmers, lawmakers have eye on next farm bill - WPR+0.0%
May 6, 2021Dairy farmer groups propose Class III Plus for better milk pricing-0.4%
May 31, 2022Dairy group seeks clarification on milk pricing changes | Capital Press-2.9%
Nov 1, 2022WCMA Board of Directors Approves Reform Concepts for Federal Milk Orders - Wisconsin Cheese Makers Association-4.2%
Mar 7, 2018Weekly Digest: ‘Light’ milk checks, ‘dry’ cows and supply management message coming to Wisconsin - | Ag Proud+0.2%

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.

Milk (Class III) MILK · GP ▸

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