
Four Midwestern dairy groups proposed a Federal Milk Marketing Orders change called Class III Plus. It would tie the Class I skim milk price to the Class III skim milk price plus an adjuster, remove advanced pricing, and aim to limit negative producer price differentials.
If adopted, the proposal would change how fluid milk is priced and could reduce farm-level revenue volatility, but it is a proposal with no immediate effect on milk or feed prices.
After 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.