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Congressional Democrats Bob Menendez and Linda Sanchez introduced comprehensive immigration reform bills with no Republican co-sponsors. Analysts expect the bills to face steep partisan opposition and are unlikely to become law in their current form.
The column also notes lower uniform milk prices and negative producer price differentials at the start of 2021.
Immigration reform is unlikely to change near-term farm labor or dairy supply, so it has little direct effect on feed or milk prices.
agproud.comDave NatzkeMar 15, 2021After 147 past policy events, Milk (Class III) moved a median -0.1% over 5 sessions (46% higher; middle half -1.0% 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.
