Dairy Pricing Opportunity Act of 2023

HR 1756, the Dairy Pricing Opportunity Act of 2023, requires the U.S. Department of Agriculture to hold national hearings within 180 days of enactment to review the Federal milk marketing system, specifically focusing on the formula used to set the Class I skim milk price (the price for milk used in fluid products like milk and cheese). The bill mandates that the Secretary of Agriculture collect input from dairy producers and the industry on this pricing formula and other related matters during these hearings. It also amends federal law to require dairy processors to report detailed cost and yield information for all products made at their facilities, with the Secretary required to publish reports on this data every two years. This bill directly affects dairy producers, processors, and the regulatory framework governing milk pricing.