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Pending USDA and Congressional actions could strengthen the dairy safety net, including a $1 billion dairy and cotton assistance measure in the Senate spending bill. USDA is expected to make milk eligible for crop revenue insurance in February, and a farm bill is expected in early 2018.
Stronger dairy margin protection supports milk production continuity and herd retention, which affects long-run demand for feed ingredients, though the impact on near-term prices is limited.
agri-pulse.comPhilip BrasherNov 8, 2017After 93 past neutral policy events, Milk (Class III) moved a median -0.0% over 5 sessions (48% higher; middle half -0.6% to +0.6%), and +0.2% 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.
