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USDA will implement updated Federal Milk Marketing Order formulas on June 1, 2025, after producers approved the changes in a December referendum. Make allowances rise, lowering the Class III formula price by about 90 cents per cwt and the Class IV price by about 85 cents, and the Class III price will be based on block cheddar only.
Lower formula prices from higher make allowances reduce the regulated milk price, a modest bearish factor for milk returns once implemented.
milkproducerscouncil.orgGeoff Vanden Heuvel2025年1月18日在过去 24 次看跌的政策事件之后，牛奶(III类) 在 5 个交易日内中位数变动 -0.1%（33% 上涨；中间一半区间为 -1.8% 至 +0.5%），20 个交易日内为 -4.6%。
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。
