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The world is being quietly rearranged by people who write very long documents.

Federal Register · January 17, 2025
The title they went with Milk in the Northeast and Other Marketing Areas; Uniform Pricing Formula Provisions Noisy translates that to

Milk prices will now be calculated using a different formula across 11 US regions

What happened
The US Department of Agriculture has changed how it calculates the minimum price for milk paid to farmers in 11 regions. This means the price farmers get for their milk will now be based on the value of cheese, not a blend of cheese and other milk products.
Why it matters
For years, the price farmers received for their milk was tied to a formula that included the value of milk used for products like yogurt and ice cream. This new rule simplifies that, tying the price directly to the market value of cheese. This change could mean more stable, and potentially higher, prices for dairy farmers, especially when demand for cheese is strong.
The signal
Watch how milk prices in these 11 regions track against cheese prices over the next year, and whether farmers report more predictable income.
If you insist
Read the original →