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A processor argues that calls for federal order reform focused on negative producer price differentials misread the cause of negative PPDs. Cheese makers depooled heavily in the Upper Midwest Order in summer 2020 as cheese prices rose quickly.
Changes to pooling and pricing rules could alter how milk value is paid to producers, affecting farm income and the dairy cow feed budget.
cheesereporter.comOct 2, 2020After 93 past neutral policy events, Milk (Class III) moved a median -0.0% over 5 sessions (48% higher; middle half -0.6% to +0.6%), and +0.2% over 20.
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.
