◂ Event Timeline

Oct 2, 2019POLICYUS

Trump's agriculture secretary warns: Family farms may not survive

Agriculture Secretary Sonny Perdue said at the World Dairy Expo that family dairy farms may not survive as the industry shifts toward larger operations. Wisconsin has lost 551 dairy farms in 2019 so far, following 638 in 2018.

WHY IT MATTERS

Consolidation and herd losses in dairy could reduce milk output over time, though the comments themselves are unlikely to move feed prices immediately.

AFFECTSMilk (Class III)◆

SOURCE
nbcnews.comAssociated PressOct 2, 2019

Price reaction & history

Milk (Class III)◆neutralSO FAR1d +0.4%5d +1.8%20d +2.1%

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.

Apr 12, 2020CARES Act Agriculture: COVID-19 Help Agribusiness, Ranchers, Farm-1.1%
Nov 14, 2024USDA Agricultural Service Releases Federal Milk Marketing Order Decision - Dairy Producer-0.3%
Feb 16, 2017China watchers: U.S. trade relations need to improve, but warn Trump to move cautiously | 2017-02-16 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.1%
Jan 16, 2025USDA Issues Final Rule on Amendments to the Federal Milk Marketing Orders | Agricultural Marketing Service+0.0%
Jul 1, 2019Farmers give new dairy safety net a try | Capital Press+6.5%

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.

Milk (Class III) MILK · GP ▸

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