USDA Secretary Sonny Perdue outlined implementation progress on the 2018 Farm Bill, citing dairy forwarding pricing, Class I skim milk pricing and MPP-Dairy changes. The update notes final rules published in March and ongoing listening sessions across agencies.
Changes to dairy pricing and margin programs affect milk supply decisions and dairy-based feed demand, though the update is procedural and unlikely to move prices immediately.
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.