◂ Event Timeline

Jun 29, 2022POLICYUS

Dairy industry divides over pricing policy ahead of farm bill

Dairy industry groups are divided over reforms to federal milk pricing ahead of the next farm bill. Dairy Margin Coverage protects margins up to $9.50/cwt on the first 5 million pounds, and about 72% of producers remain enrolled even though no payments are expected.

WHY IT MATTERS

Potential changes to federal milk pricing and DMC could alter dairy producer risk management and herd economics, affecting long-run milk supply and dairy feed demand.

AFFECTSMilk (Class III)◆

SOURCE
agri-pulse.comPhilip BrasherJun 29, 2022

Price reaction & history

Milk (Class III)◆neutralSO FAR1d -6.3%5d -8.0%20d -7.5%

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.

Jan 13, 2021Food Box cheese-buying splurge sparks debate over dairy policy | 2021-01-12 | Agri-Pulse Communications, Inc.-1.3%
Dec 19, 2017Disaster bill adds cotton to farm bill | 2017-12-18 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.6%
Feb 27, 2019Perdue sets signup goals for farm bill | 2019-02-27 | Agri-Pulse | Agri-Pulse Communications, Inc.+8.5%
Jan 24, 2018[Article Headline] | 2018-01-23 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.1%
Sep 15, 2021Lawmakers hear perspectives on milk pricing system at hearing | Agri-Pulse Communications, Inc.+0.1%

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.

Milk (Class III) MILK · GP ▸

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