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Dairy producers continue to criticise the Class I mover formula, which was changed in the 2018 farm bill from a higher-of to an average-of method with a 74-cent adjustment in May 2019. Producers say COVID-19 disruptions turned the formula's revenue neutrality into large losses for farmers, and the American Dairy Coalition is pressing to keep attention on the issue.
The ongoing pricing dispute is a policy story with no immediate supply change, so it has limited direct effect on dairy or feed prices.
agproud.comDave NatzkeSep 22, 2021After 93 past neutral policy events, MILK 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.
