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At a Senate Agriculture subcommittee hearing on September 15, 2021, some dairy producers and cooperatives called for revisions to the federal milk pricing system, while an independent processor urged that it be disbanded. Witnesses cited pandemic-era market disruptions, a surge in butter production and cheese purchases tied to the Food Box program, and a 2018 farm bill formula change that widened price gaps between milk classes.
Disputes over Class I pricing formulas could eventually change how milk is priced to processors and farmers, but the hearing itself produces no immediate change in supply or demand for dairy feed inputs.
agri-pulse.comNoah WicksSep 15, 2021After 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.
