# Milk Prices Surge After USDA Food-Box Aid Program Extended - Bloomberg

> The USDA expanded its Farmers to Families Food Box Program with a $1.5 billion purchase of food including milk and cheese. Benchmark Class III milk futures jumped 4.9% on the announcement, their biggest gain since April.

- Date: 2021-01-05 · published 2021-01-05T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/49303-milk-prices-surge-after-usda-food-box-aid-program-extended-bloomberg
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Government purchases add cheese and dairy demand that supports Class III prices. The price lift could also encourage more milk production in coming months.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-04-17 | [USDA Announces Coronavirus Food Assistance Program \| USDA](https://feedsoft.ai/events/53623-usda-announces-coronavirus-food-assistance-program-usda.md) | -1.6% | -6.9% |
| MILK | 2020-04-18 | [Trump’s farm aid bailout program, explained \| Vox](https://feedsoft.ai/events/53627-trump-s-farm-aid-bailout-program-explained-vox.md) | -1.6% | -8.7% |
| MILK | 2019-10-28 | [USDA purchases $50 million in fluid milk](https://feedsoft.ai/events/4106-usda-purchases-50-million-in-fluid-milk.md) | +8.1% | +9.1% |
| MILK | 2021-01-14 | [Despite enormous production, government purchases boost milk prices](https://feedsoft.ai/events/49311-despite-enormous-production-government-purchases-boost-milk-prices.md) | -1.0% | -4.0% |
| MILK | 2018-01-24 | [Weekly Digest: California producers seek emergency hearing, milk price hike -  \| Ag Proud](https://feedsoft.ai/events/67124-weekly-digest-california-producers-seek-emergency-hearing-milk-price-hike-ag.md) | -0.1% | -3.2% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-01-05/milk-prices-surge-after-usda-food-box-aid-program-extended

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.