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Dairy groups urged producers to sign up for USDA's 2021 Dairy Margin Coverage before the sign-up deadline that Friday. The National Milk Producers Federation asked USDA to extend the enrollment period, and the second round of the Coronavirus Food Assistance Program also closed that week.
DMC coverage protects producers when the milk-minus-feed margin falls below their chosen level, which affects how much milk stays in production if prices weaken. Enrollment levels and any deadline extension have limited direct effect on near-term dairy futures.
agri-pulse.comBen NuelleDec 7, 2020After 147 past policy events, Milk (Class III) moved a median -0.1% over 5 sessions (46% higher; middle half -1.0% 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.
