# Changing market conditions don’t quell concern over Class I price formula - Progressive Dairy | Ag Proud

> 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.

- Date: 2021-09-22 · published 2021-09-22T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/45216-changing-market-conditions-don-t-quell-concern-over-class-i-price-formula
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The ongoing pricing dispute is a policy story with no immediate supply change, so it has limited direct effect on dairy or feed prices.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-04-29 | [Hearing on temporary Class I base price hike requested; concerns raised - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/5183-hearing-on-temporary-class-i-base-price-hike-requested-concerns-raised.md) | -12.4% | -7.1% |
| MILK | 2021-06-11 | [What happened? What’s next? - Is the market fixing itself? - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/46753-what-happened-what-s-next-is-the-market-fixing-itself-progressive-dairy-ag-proud.md) | +0.5% | -2.0% |
| MILK | 2022-06-02 | [Weekly Digest II: ADC seeks answers on pricing concerns, hearing criteria - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/6239-weekly-digest-ii-adc-seeks-answers-on-pricing-concerns-hearing-criteria.md) | -3.6% | -10.6% |
| MILK | 2021-03-13 | [Pricing formula change’s unforeseen outcome skims producer profits \| Ag Proud](https://feedsoft.ai/events/48125-pricing-formula-change-s-unforeseen-outcome-skims-producer-profits-ag-proud.md) | -0.7% | +9.2% |
| MILK | 2021-06-02 | [Weekly Digest: Lawmakers target school milk, milk pricing - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/5682-weekly-digest-lawmakers-target-school-milk-milk-pricing-progressive-dairy-ag.md) | -10.3% | -9.4% |

## Sources

- agproud.com: https://www.agproud.com/articles/54941-changing-market-conditions-don-t-quell-concern-over-class-i-price-formula

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.