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Multiple changes to Federal Milk Marketing Order pricing formulas take effect in June 2025 after approval in a producer referendum. They include higher make allowances for butter, cheddar, dry whey and nonfat dry milk, higher Class I differentials, updated milk composition factors, and removal of barrel cheese prices from the Class III formula.
Changes to the milk pricing formulas shift how farm milk value is calculated across US regions, which affects producer returns without changing underlying supply or demand. Traders and dairy buyers will need to adjust to the new benchmarks.
在过去 93 次中性的政策事件之后,牛奶(III类) 在 5 个交易日内中位数变动 -0.0%(48% 上涨;中间一半区间为 -0.6% 至 +0.6%),20 个交易日内为 +0.2%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。