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A Progressive Dairyman digest notes that dairy farmers have until December 15, 2017 to make 2018 Margin Protection Program decisions, and that late filing is available only at the catastrophic $4/cwt level without retroactive payments. The digest also reports that cottonseed supplies should stay ample despite hurricane damage.
Limited late-filing coverage leaves most farmers relying on the December deadline, which affects how much margin protection they hold against milk-feed cost squeezes. Ample cottonseed supply keeps dairy feed costs contained.
agproud.comDave NatzkeOct 4, 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.
