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The stimulus bill provides $9.5 billion for farmers, including livestock producers, specialty crop producers and suppliers to farm markets. It also gives USDA $14 billion in borrowing authority to replenish the Commodity Credit Corporation used for trade payments.
Replenished CCC borrowing authority and direct aid cushion farm finances, supporting feed demand from livestock producers while doing little to lift grain prices directly.
nytimes.comMar 27, 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 26 past neutral policy events, Lean Hogs moved a median -0.9% over 5 sessions (38% higher; middle half -2.6% to +1.7%), 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.
