# Ag Alert

> USDA will hold a public hearing starting August 23 on 21 proposals to change pricing provisions and formulas across the 11 federal milk marketing orders. The proposals come after the National Milk Producers Federation requested a review, as the current system was last comprehensively revised in 2000.

- Date: 2023-08-09 · published 2023-08-09T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/5109-ag-alert
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Changes to class pricing formulas could alter the minimum prices handlers must pay for raw milk, affecting farm milk returns and dairy product costs. The outcome is uncertain until USDA rules on the proposals.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-04-07 | [Ag Policy Blog](https://feedsoft.ai/events/53629-ag-policy-blog.md) | -1.7% | -16.9% |
| MILK | 2016-06-23 | [June sales period offers dairy margin protection option -  \| Ag Proud](https://feedsoft.ai/events/4754-june-sales-period-offers-dairy-margin-protection-option-ag-proud.md) | 0.0% | +15.5% |
| MILK | 2016-06-02 | [Dairy safety net in need of patches -  \| Ag Proud](https://feedsoft.ai/events/7547-dairy-safety-net-in-need-of-patches-ag-proud.md) | +3.6% | +3.3% |
| MILK | 2023-05-18 | [Weekly Digest: Dairy co-ops add support to NMPF petition \| Ag Proud](https://feedsoft.ai/events/36096-weekly-digest-dairy-co-ops-add-support-to-nmpf-petition-ag-proud.md) | +0.1% | -7.8% |
| MILK | 2021-09-17 | [FMMO facelift long overdue - Brownfield Ag News](https://feedsoft.ai/events/45217-fmmo-facelift-long-overdue-brownfield-ag-news.md) | -0.4% | +7.9% |

## Sources

- agalert.com: https://www.agalert.com/california-ag-news/archives/august-8-2023/usda-to-hear-proposals-on-federal-milk-pricing-system/

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