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USDA's proposed Federal Milk Marketing Order for California has moved toward a final decision, with comments due May 15. An economic analysis finds the order positive for most dairy producers, and a state-run payment system will handle California's quota milk.
Producer approval requires a two-thirds vote, and the proposal is expected to pass.
Bringing California under federal pricing could change minimum milk prices and producer returns in the largest US milk state, which may affect regional milk supply over time.
agproud.comJohn GeussMay 26, 2017After 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.
