Loading…
A Congressional Research Service primer explains U.S. dairy safety net policy, from historical price supports to the Margin Protection Program created in the 2014 farm bill. It notes that feed costs outpaced milk prices from 2008 to 2014, and that stakeholders want changes in the 2018 farm bill.
Dairy margins depend on the spread between milk prices and feed costs, so program changes could affect dairy herd size and feed demand. The primer is background and does not signal a new price move.
everycrsreport.comOct 11, 2017After 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.
