Federal Milk Marketing Order
FMMO
Edge brought forth several proposals within USDA’s Federal Milk Marketing Order hearing, focusing on improving price discovery, maintaining strong price risk management and sustaining federal orders to benefit the entire dairy community, including its proposal for updating the Class I mover.
Edge's Class III Plus proposals
Edge also brought forth several proposals beyond its Class III Plus model, including several logical outgrowths of proposals from other groups. Edge proposals included:
- Updating the fat components alongside updated protein numbers
- Delaying any changes that would impact pooled milk prices for 15.5 months, to ensure open interest and opportunities to participate in markets are not interrupted
- Modernizing the Class III pricing system to include both blocks and barrels of Cheddar cheese, rounded to the nearest 5% of production
- Standing against make allowance increases, which equally lower milk prices for all farmers
- Improving the Class I mover by introducing the Class III Plus program, which includes the removal of advanced pricing, to price milk on America’s most-used dairy commodity – cheese
Resources
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