◂ Event Timeline

Jul 14, 2019POLICYUS

Montana Amends Its Class II & Class III Producer Price Formulas

Montana amended its Class II and Class III producer price formulas, effective October 2018, raising producer prices by about 4.3% or roughly $0.70/cwt. The change aligns the state's formulas with federal price structure.

WHY IT MATTERS

This is a state-level pricing formula change affecting Montana producer revenue, with negligible effect on national milk or feed prices.

AFFECTSMilk (Class III)

SOURCE
morningagclips.comBrittanyJul 14, 2019

Price reaction & history

Milk (Class III)no directional readSO FAR1d -0.1%5d +0.3%20d +1.5%

After 147 past policy events, Milk (Class III) moved a median -0.1% over 5 sessions (46% higher; middle half -1.0% to +0.6%), and -0.2% over 20.

Mar 13, 2021Pricing formula change’s unforeseen outcome skims producer profits | Ag Proud-0.7%
Sep 22, 2021Changing market conditions don’t quell concern over Class I price formula - Progressive Dairy | Ag Proud-0.4%
May 6, 2021Dairy farmer groups propose Class III Plus for better milk pricing-0.4%
Dec 20, 2024Dry Whey In Class III Formula Remains Problematic - Cheese Reporter+0.2%
Jan 24, 2018Weekly Digest: California producers seek emergency hearing, milk price hike - | Ag Proud-0.1%

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.

Milk (Class III) MILK · GP ▸

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