◂ Event Timeline

May 23, 2022POLICYUS

Could a cheese price fix improve milk checks?

An industry commentary discusses proposals to change how the US sets its benchmark cheese price in federal milk marketing orders. Trade groups IDFA and NMPF are working through potential changes to the pricing system.

WHY IT MATTERS

Changes to the pricing formula could alter milk price incentives and supply response, but no price change has been decided yet.

AFFECTSMilk (Class III)◆

SOURCE
hoards.comNate Donnay, StoneX Group Inc.May 23, 2022

Price reaction & history

Milk (Class III)◆neutralSO FAR1d 0.0%5d +0.4%20d -3.1%

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.

Dec 20, 2023How would FMMO changes affect milk prices?-0.1%
Mar 11, 2022Rationale Builds for Milk Price Reforms - Cheese Reporter-0.1%
Oct 2, 2020A Processor Perspective On Price Reforms - Cheese Reporter+3.1%
Jun 19, 2025Economic Update: July’s Class I base milk price climbs to $18.82 per cwt | Ag Proud+0.5%
Mar 14, 2018Gillibrand proposal adds milk price floor, MILC-type payments - | Ag Proud+0.6%

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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