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Dairy farmers in Idaho are welcoming a recent milk price rally after years of weak prices. Rising feed costs are expected to add $1.50 to $2 per hundredweight to production costs.
The new Dairy Margin Coverage program, replacing the Margin Protection Program, takes effect this year.
Rising feed prices squeeze dairy margins, and the new federal coverage program shapes how farmers manage that risk. Buyers should watch feed demand and margin support for the dairy herd.
capitalpress.comCAROL RYAN DUMASCapital PressJul 1, 2019After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.
After 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.
