Recently, I posted information on May 2009 milk production data. A friend, Kurt Williams, wondered about FMMO production for May. I suggest looking at May 2008 as well. You would never guess this out in a 1,000 years. In the FMMOs there was 16% more milk in May 2009 than in May 2008. What that means is that in May 2008, when prices at the CME were high, milk was depooled.
Depooling milk means farmers did not get the full value for the actual usage. There are many ways to extract money from dairy farmers. Usually, dairy farmers are not even aware it is happening.
When federal order reform of 2000 took effect, the numbers on the milk check seems like a foreign language.
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