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Wisconsin farm groups and lawmakers outlined their 2023 farm bill priorities, including restoring the pre-2018 Class I milk pricing formula. The article says the current averaging method left farmers exposed when cheese prices rose sharply during the pandemic.
A change to the Class I milk pricing formula would alter how dairy returns are calculated, but it is a proposal with no immediate effect on milk prices.
wpr.orgHope KirwanApr 19, 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.
