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USDA Farm Service Agency was still finalizing details for reopening the 2018 MPP-Dairy enrollment period, which will run 90 days. Maryland & Virginia Milk Producers Cooperative cut its February advance price to $10 per cwt in some orders and apologized to members.
Weak milk prices and farm-level margin stress can lead to herd reductions over time, but the immediate effect on feed demand is limited.
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.