Loading…
NMPF congratulated President-elect Biden and pledged bipartisan cooperation after the November election. The organization also reported that October Dairy Margin Coverage margins exceeded the trigger and expected declines in 2021 margins.
Lower expected 2021 dairy margins point to reduced farm income and possibly tighter dairy herd economics, a modest signal for milk price direction.
nmpf.orgDec 1, 2020After 24 past bearish policy events, Milk (Class III) moved a median -0.1% over 5 sessions (33% higher; middle half -1.8% to +0.5%), 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.
