The National Milk Producers Federation board has unanimously voted to support the modernization of the Federal Milk Marketing Order milk-pricing system. The federation voted in favor of changes directly related to the number one priority of milk producers and processors – return the Class 1 mover to the “higher of” and not the “average of” Class III and IV.
The board also voted to discontinue including barrel cheese in the protein component price formula, extend the current 30-day reporting limit to 45 days on Nonfat Dry Milk forward priced sales, and update milk component factors for protein, other solids and nonfat solids in Class III and Class IV skim milk price formulas. The board is still working on other Class I milk price issues expected to be completed in 2022.
Next on the agenda will be a final review before asking the USDA to consider a federal order hearing.
Read more on the changes various milk groups have advocated for here.
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