USDA's $8 billion Harvest Fuel Relief Program is meant to help farmers offset higher diesel costs, but payments may not begin until closer to year-end. USDA Undersecretary Richard Fordyce told Reuters no firm distribution schedule has been set.
USDA estimates agricultural fuel spending will rise by nearly $5 billion versus last year.
Farmers may have to cover harvest fuel costs before aid arrives, squeezing margins and possibly delaying purchases of feed ingredients. The aid is a policy support rather than a supply change, so its direct effect on feed prices is limited.
After 27 past neutral policy events, ULSD / Diesel moved a median -1.4% over 5 sessions (41% higher; middle half -4.3% to +2.6%), and -4.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.