# What happened? What’s next? - Is the market fixing itself? - Progressive Dairy | Ag Proud

> 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.

- Date: 2021-06-11 · published 2021-06-11T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/46753-what-happened-what-s-next-is-the-market-fixing-itself-progressive-dairy-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2021-12-11 | [What happened? What’s next? - Regulatory changes ahead - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/43753-what-happened-what-s-next-regulatory-changes-ahead-progressive-dairy-ag-proud.md) | -0.6% | +9.0% |
| MILK | 2022-08-22 | [What happened What's Next: NMPF lays out FMMO modernization timeline \| Ag Proud](https://feedsoft.ai/events/40205-what-happened-what-s-next-nmpf-lays-out-fmmo-modernization-timeline-ag-proud.md) | +0.2% | -0.9% |
| MILK | 2021-09-22 | [Changing market conditions don’t quell concern over Class I price formula - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/45216-changing-market-conditions-don-t-quell-concern-over-class-i-price-formula.md) | -0.4% | +7.9% |
| 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% |
| MILK | 2017-05-26 | [Economic analysis shows California FMMO  is positive for most dairy producers - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/71155-economic-analysis-shows-california-fmmo-is-positive-for-most-dairy-producers.md) | +5.8% | +4.7% |

## Sources

- agproud.com: https://www.agproud.com/articles/35622-what-happened-what-s-next-is-the-market-fixing-itself

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