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House Republicans added provisions to a $81 billion disaster aid bill that would make cotton growers eligible for the Price Loss Program with a 36.7 cents per pound reference price for seed cotton. The bill also expands dairy insurance and lifts the cap on Livestock Gross Margin insurance, and Senate Democrats want dairy aid included as well.
Cotton and dairy support changes could affect planted acreage and milk supply over time, and cottonseed meal supply tracks cotton production, but near-term feed price impact is limited.
agri-pulse.comPhilip BrasherDec 19, 2017Not enough comparable past events yet for a historical read.
After 93 past neutral policy events, MILK 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.
