Loading…
The CARES Act, signed March 27, 2020, includes roughly $49 billion for crop and livestock producers, nutrition and local food support. It creates a $9.5 billion USDA disaster relief program for specialty crop, livestock, dairy and local food producers, but USDA had not yet published eligibility or process guidance.
The funding is a legislative backstop for livestock and dairy producers under pandemic price stress, though uncertain timing limits its near-term effect on feed demand.
natlawreview.comLaurie McKayApr 12, 2020After 93 past neutral policy events, MILK moved a median -0.0% over 5 sessions (48% higher; middle half -0.6% to +0.6%), and +0.2% over 20.
After 102 past neutral policy events, LCATTLE moved a median +0.6% over 5 sessions (63% higher; middle half -0.7% to +1.2%), and +1.3% 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.
