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Senator Kirsten Gillibrand proposed the Dairy Farm Sustainability Act, which would pay farmers 45 percent of the gap when the all-milk price falls below $23.34 per cwt. The plan would work alongside MPP-Dairy and would be included in the 2018 Farm Bill.
This is a proposal rather than enacted policy, so it has limited near-term effect on milk supply or feed demand, though it could support dairy herd retention over time.
agproud.comDave NatzkeMar 14, 2018After 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.
