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President Trump announced a $19 billion farm bailout on April 17, with $16 billion in direct payments funded by $6.5 billion from Commodity Credit Corporation and $9.5 billion from CARES Act funds. The remainder covers mass purchases of dairy, meat and produce for distribution to people in need.
Direct payments support farm finances and purchases of meat and dairy create demand for those products, but the aid is not large enough to offset the broad price collapse in livestock and dairy markets.
vox.comDylan MatthewsApr 18, 2020After 17 past bullish policy events, MILK moved a median -0.6% over 5 sessions (29% higher; middle half -1.6% to +0.2%), and -3.0% over 20.
After 37 past bullish policy events, HOGS moved a median +0.0% over 5 sessions (51% higher; middle half -2.8% to +0.9%), and +0.2% over 20.
After 17 past bullish policy events, LCATTLE moved a median -0.0% over 5 sessions (47% higher; middle half -1.2% to +0.9%), and +1.0% 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.
