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Dairy economists and a cooperative leader told a House Agriculture subcommittee that the federal Margin Protection Program for Dairy needs changes. They cited a fall in the US all-milk price to $15.30 per cwt in March 2016 from a record $25.70 in September 2014.
Possible revisions to dairy safety-net policy could influence producer herd decisions and milk supply, though no immediate price change is set.
agproud.comDave NatzkeJun 2, 2016After 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.
