# Hearing on temporary Class I base price hike requested; concerns raised - Progressive Dairy | Ag Proud

> USDA's Agricultural Marketing Service declined to hold an emergency hearing on a request from more than 20 dairy cooperatives to temporarily raise the Class I base price to $15.68 per cwt for June through August 2020. Dairy economists raised concerns that the proposal could have long-term negative effects.

- Date: 2020-04-29 · published 2020-04-29T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/5183-hearing-on-temporary-class-i-base-price-hike-requested-concerns-raised
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Without the hearing, the proposed temporary Class I price increase will not move forward, so milk prices stay tied to market conditions. The decision removes a possible short-term floor that cooperatives had sought.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-06-02 | [Weekly Digest II: ADC seeks answers on pricing concerns, hearing criteria - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/6239-weekly-digest-ii-adc-seeks-answers-on-pricing-concerns-hearing-criteria.md) | -3.6% | -10.6% |
| 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 | 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 | 2021-06-11 | [What happened? What’s next? - Is the market fixing itself? - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/46753-what-happened-what-s-next-is-the-market-fixing-itself-progressive-dairy-ag-proud.md) | +0.5% | -2.0% |

## Sources

- agproud.com: https://www.agproud.com/articles/36774-hearing-on-temporary-class-i-base-price-hike-requested-concerns-raised

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