# How Milk Is Really Priced in the U.S. | Farm Bureau Intel Markets | American Farm Bureau Federation

> An American Farm Bureau Federation analysis explains how US milk prices are set through Federal Milk Marketing Orders, starting from CME spot price discovery for butter, cheddar, nonfat dry milk and dry whey. It notes a high correlation between CME and USDA survey prices.

- Date: 2019-07-15 · published 2019-07-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/58081-how-milk-is-really-priced-in-the-u-s-farm-bureau-intel-markets-american-farm
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

This is background on pricing mechanics with no new supply or demand shock, so it has little direct effect on feed or dairy prices.

## Sources

- fb.org: https://www.fb.org/intel/markets/how-milk-is-really-priced-in-the-u-s

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