Hosted by Dairy Business Association, Edge Dairy Farmer Cooperative, Iowa State Dairy Association, Minnesota Milk Producers Association, Nebraska State Dairy Association and South Dakota Dairy Producers

Under Federal Milk Marketing Orders, value of milk components is derived from the freely established market prices for basic dairy commodities, and a set of assumptions on dairy processing technology parameters and processing costs to convert milk to cheese, butter, dry whey or nonfat dry milk powder. The assumed processing costs are referred to as 'make allowances'. Both dairy processing technology and processing costs have changed considerably since the last time FMMO formulas were updated, and many industry stakeholders are asking USDA to initiate the hearing process to update the milk pricing formulas.

In this webinar, Dr. Bozic will describe the FMMO pricing formulas and the impact the requested changes would have on milk checks and the structure of the dairy industry over the next decade.

Register here.