
Pennsylvania’s Milk Marketing Board said the longstanding over-order milk premium lapsed during the summer. The premium was included in regulated retail prices, but eligibility rules meant that not all dairy farmers received the additional payment consumers paid for.
The lapse concerns how milk revenue is distributed to eligible farmers, not a change in milk supply or feed demand. Any effect on milk prices or production is unclear.
After 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.