Emergency funding for the water crisis in Flint, Michigan, has now bogged down the CR and is leading to the political brinksmanship in Congress. However, all House members and 34 senators are up for re-election this year and thus motivated to avoid the government shutdown that could ensue.
A draft of the Senate’s FY 2017 continuing resolution (CR), the stopgap funding measure to keep the federal government open after FY 2016 ends 30 September, was circulated on Capitol Hill yesterday. By this afternoon, the measure was essentially dead. The draft would extend funding at FY 2016 levels through 9 December, allowing a lame-duck session of Congress to either pass appropriations bills for the remainder of FY 2017 or another short-term f...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
