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USDA announced over $235 million in disaster payments, including $143 million in crop insurance indemnities for Florida producers hit by Hurricane Milton. About $92 million goes to livestock producers for feed costs tied to 2022 drought and wildfire losses.
Livestock feed-cost relief is modest and does not materially change feed demand, so the price impact is small.
usda.govOct 30, 2024After 102 past neutral policy events, Live Cattle moved a median +0.6% over 5 sessions (63% higher; middle half -0.7% to +1.2%), and +1.3% 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.
