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A CRS report updated through May 8, 2020 summarizes four supplemental appropriations acts totaling over $36 billion for agriculture. It also covers a $3 billion commodity purchase program and the Farmers to Families Food Box program, which buys about $100 million monthly each of produce, dairy and meat.
Government purchases of dairy and meat for food boxes provide some demand support for those products, though the scale is small relative to overall market volumes.
everycrsreport.comApr 3, 2020After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% over 20.
Not enough comparable past events yet for a historical read.
After 100 past bullish report events, Lean Hogs moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% 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.
