The final report is expected in mid-July.
The provisions were announced June 15 and are set to go into effect July 1.
This week, court documents show an investment group called New Dairy Opco LLC, comprised of KKR & Co. and Capitol Peak Parters, will purchase all of Borden’s assets if approved by the bankruptcy court on Thursday.
World prices, with exception of skim milk powder, are well below U.S. prices.
In their June World Agriculture Supply and Demand Estimates report on Thursday, USDA both pushed milk production and all milk price forecasts higher for 2020.