Loading…
Economists and industry figures told a Senate subcommittee hearing that the Federal Milk Marketing Order system is outdated and needs reform. Cornell economist Christopher Wolf named the Class I mover and make allowances as priorities, while Agri-Mark said the current Class I mover has caused significant depooling and reduced producer revenue.
Calls for FMMO reform signal possible future changes to milk pricing, but no supply or price effect is immediate for feed buyers.
brownfieldagnews.comNicole HeslipSep 17, 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.
