◂ Event Timeline

Jun 26, 2019POLICYUS

USDA farm bill implementation progress update

USDA Secretary Sonny Perdue released an update on implementing the 2018 Farm Bill, covering dairy margin programs such as MPP-Dairy and DMC. The update reports retroactive enrollment payouts and premium refunds to dairy producers.

WHY IT MATTERS

Dairy margin support reduces pressure on milk production cuts, so the update has limited direct effect on feed demand or prices.

AFFECTSMilk (Class III)◆

SOURCE
thefencepost.comUSDAJun 26, 2019

Price reaction & history

Milk (Class III)◆neutralSO FAR1d +0.1%5d -0.2%20d +6.7%

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, 2019USDA Update on Farm Bill Implementation Progress | USDA+0.1%
Aug 1, 2018Dairy MPP is delivering in 2018 | TheFencePost.com+5.0%
Sep 28, 2023The farm bill: A deadline Congress can’t blow - GZERO Media-8.8%
Nov 8, 2017High stakes milk producers as they await action from USDA, Congress | 2017-11-07 | Agri-Pulse | Agri-Pulse Communications, Inc.+2.1%
Dec 19, 2017Disaster bill adds cotton to farm bill | 2017-12-18 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.6%

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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