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USDA announced plans to buy an additional $50 million of fresh fluid milk under Section 32 for food banks and nutrition programs. The purchase follows $68 million in dairy buys announced in July, bringing two-year dairy purchases to $253 million.
Government buying supports dairy demand and farm prices at the margin, but the amount is small relative to total US milk output.
feedstuffs.comJacqui FatkaOct 28, 2019After 17 past bullish policy events, Milk (Class III) moved a median -0.6% over 5 sessions (29% higher; middle half -1.6% to +0.2%), and -3.0% 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.
