Loading…
President Trump signed a budget agreement on February 9 after a brief partial government shutdown, providing new assistance to cotton and dairy producers and $2.4 billion in aid to farmers hurt by last year's hurricanes. The deal extends government funding to March 23 and raises spending limits for two years.
Dairy margin and livestock insurance changes may support milk production, and cotton PLC eligibility could shift cotton acreage and cottonseed meal supply. The overall effect on feed grain prices is modest.
agri-pulse.comPhilip BrasherFeb 9, 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.
Not enough comparable past events yet for a historical read.
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.
