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The National Milk Producers Federation requested an expedited Federal Milk Marketing Order hearing focused on changing the Class I mover formula. USDA has 30 days to respond, and the process could take about 120 days to complete.
Changes to the Class I mover would alter milk pricing formulas, mainly affecting producers in high Class I utilization regions, though the impact on national prices is uncertain.
agproud.comDave NatzkeJun 11, 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.
