Loading…
The National Milk Producers Federation wrote to USDA Secretary Sonny Perdue saying the Market Facilitation Program has done little to offset losses from retaliatory tariffs. USDA estimates tariffs cut 2018 milk prices by 70 cents per hundredweight, more than $1 billion in lost income, while the program pays about $127 million.
Tariff-driven milk price losses reduce dairy producer margins and can curb herd and feed purchases, while the aid package is too small to offset the impact.
wpr.orgHope KirwanOct 26, 2018After 24 past bearish policy events, Milk (Class III) moved a median -0.1% over 5 sessions (33% higher; middle half -1.8% to +0.5%), and -4.6% 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.
