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USDA Secretary Perdue is focusing on aid programs for livestock, dairy and specialty crop producers before any aid to crop growers, according to House Agriculture Chairman Collin Peterson. The CARES Act provided $9.5 billion for livestock, dairy and specialty crops and a $14 billion increase to the Commodity Credit Corporation.
Prioritizing livestock and dairy aid signals support for those sectors' finances, which may slow herd liquidation and milk production cuts that would otherwise pressure prices.
dtnpf.comApr 7, 2020After 102 past neutral policy events, Live Cattle moved a median +0.6% over 5 sessions (63% higher; middle half -0.7% to +1.2%), and +1.3% over 20.
After 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.
