“During May and June of 2008, a total of about 300 million pounds were depooled. If this milk had been on the Order, the year-to-year change from 2008 for the first 6 months of 2009 period would have been a decline of 2.9 percent. Most of the effect of this milk would have occurred in Class III negating the increase seen this year.”
Many, maybe most dairy farmers and certainly, politicians, do not understand the concept of pooling and/or depooling. That is a shame.
The real simple answer is that last year, when the CME generated what should have been a high class III price, the farmers never saw the money.