
Margin protection and risk management options for dairy producers are discussed, including MPP-Dairy enrollment, LGM-Dairy and the forthcoming Revenue Protection-Dairy product. As of late April, LGM-Dairy insurable margin for June 2018 through March 2019 averaged $6.86 per cwt.
Improved milk futures are making margin insurance more attractive for larger producers, which is a risk management story with limited direct price impact.
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.