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House Agriculture Committee Chair David Scott is working on a permanent disaster relief fund for farms. USTR also requested USMCA dispute consultations with Canada over dairy tariff-rate quota allocation.
Separately, organic food sales rose 12.4% in 2020 to $61.9 billion.
The USMCA dairy challenge could affect US milk export access to Canada, but it is an early procedural step and the disaster fund is only under consideration.
aginfo.netMay 31, 2021After 18 past neutral trade events, Milk (Class III) moved a median -0.4% over 5 sessions (39% higher; middle half -2.9% to +1.1%), 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.
