# Dairy pricing reform gains steam

> Four Midwest dairy groups (Dairy Business Association, Edge Dairy Farmer Cooperative, Minnesota Milk and Nebraska State Dairy Association) proposed a reform called Class III Plus. It would tie the Class I skim milk price to the Class III price plus an adjuster of at least 36 cents per cwt for 2021-2025, and replace advanced pricing with announced prices. The proposal follows a request by the National Milk Producers Federation for an emergency hearing on federal milk pricing.

- Date: 2021-04-28 · published 2021-04-28T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/47763-dairy-pricing-reform-gains-steam
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

If adopted, the formula change would alter how Class I milk prices are set and could shift farm milk revenue and dairy-feed margins. Its effect on prices depends on whether regulators act on it.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2021-05-06 | [Dairy farmer groups propose  Class III Plus for better milk pricing](https://feedsoft.ai/events/47240-dairy-farmer-groups-propose-class-iii-plus-for-better-milk-pricing.md) | -0.4% | -9.6% |
| MILK | 2022-05-31 | [Dairy group seeks clarification on milk pricing changes \| Capital Press](https://feedsoft.ai/events/41570-dairy-group-seeks-clarification-on-milk-pricing-changes-capital-press.md) | -2.9% | -3.4% |
| MILK | 2023-10-13 | [Economic Update: Dairy Forward Pricing Program has expired, for now \| Ag Proud](https://feedsoft.ai/events/33771-economic-update-dairy-forward-pricing-program-has-expired-for-now-ag-proud.md) | -0.4% | +1.1% |
| MILK | 2021-09-20 | [American Dairy Coalition supports return to previous Class I pricing while new options explored](https://feedsoft.ai/events/45218-american-dairy-coalition-supports-return-to-previous-class-i-pricing-while-new.md) | -0.5% | +8.0% |
| 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

- farmprogress.com: https://www.farmprogress.com/dairy-cattle/dairy-pricing-reform-gains-steam

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