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NMPF responded to USDA's $350 million Pandemic Market Volatility Assistance Program, which reimburses dairy producers for losses tied to changes in the Class I fluid milk price formula. NMPF said the payments fall short because production caps limit assistance for many farmers.
The payments may support dairy herd retention and milk output, but the limited coverage leaves producer margins tight. The effect on milk prices is likely small and indirect.
nmpf.orgSep 3, 2021After 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.
