The farm bill conference report was signed by the conferees last night and the text released. It is being touted as a “bipartisan” bill despite the partisan turn it took when drafted in the House. Just past 4pm today, the Senate passed it in an unexpected move, taking up the legislation prior to its consideration in the House in an effort to shore up votes in that chamber. In the new political arena of Twitter, various key tweets highlight the top issues. Note the following:
Senate Ag Committee Chairman Pat Roberts: “The bipartisan, bicameral 2018 Farm Bill conference report is live!” Senate Majority Leader Mitch McConnell: “Making it official with my hemp pen!” USDA Secretary Perdue: “Would li...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
